Nunnally Furniture's cost accountant has prepared the following information for the quarter ending March 31, 2020. Number of Units Sold Selling price Cost of Goods Sold Advertising Expense Sales Commissions Shipping Expense Admnistrative Salaries Required: 1,300 units $ 130 per unit $ 80 per unit $ 1,500 per quarter 8% of sales $2.00 per unit $ 12,000 per quarter 1. Using the supplied information, prepare a traditional Income Statement in proper form. 2. How do you calculate Contribution Margin? Just the formula.