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Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local Amish artisans for $ 2 5 0 each, and her shop sells
Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local Amish artisans for $ each, and her shop sells them for $ each. She also pays a sales commission of of sales revenue to her sales staff. Pamela leases her countrystyle shop for $ per month and pays $ per month in payroll costs in addition to the sales commissions. Pamela sold quilts in February. Prepare Pamela's traditional income statement and contribution margin income statement for the month.
Prepare the traditional income statement for the month.
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