JenCo purchases pianos from a larger manufacturer and sells them at the retail level. The pianos cost, on the average, $1,200 each from the manufacturer. JenCo sells the pianos to its customers at an average price of $2,500 each. The selling and administrative costs that the company incurs in a typical month are presented below: Costs Cost Formula Selling: Advertising. Sales salaries and commissions Delivery of pianos to customers... Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment During March, JenCo sold and delivered 80 pianos. $600 per month $600 per month, plus 3% of sales $60 per piano sold $200 per month $500 per month $2,500 per month $300 per month $1,100 per month, plus $70 per piano sold $700 per month Prepare an income statement for JenCo for March using the contribution margin format, with costs organized by behavior. Show costs and revenues on both a total and a per unit basis down through contribution margin. Sales JenCo Income Statement For Month Ended March 31 Variable costs: Cost of goods sold. Sales commissions Delivery of pianos to customers Clerical Total variable costs Contribution margin_ Fixed costs: Advertising Sales salaries Utilities Depreciation of sales facilities Executive salaries Total Per Piano