income statement for the month. Prepare the traditional income statement for the month

Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts trom local Amish artisans for $230 each, and ner shop sells them tor $430 each. sne also pays a sales commission ot 6% ot sales revenue to ner sales staff. Pam leases ner country-style shop for $1 , 200 per month and pays $1 ,900 per month in payroll costs in addition to the sales commissions. Pam sold 90 quilts in February. Prepare Pam's traditional income statement and contribution margin income statement for the month. Prepare the traditional income statement tor the montm Pam's Quilt Shoppe Income Statement For the Month Ended February 28 Less: Less: Prepare the contribution margin income statement tor the month. Pam's Quilt Shoppe Contribution Margin Income Statement For the Month Ended February 28 Less: Less: