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Pamola's Quilt Shoppe sells homemade Amish quilis. Pamela buys the quits from local Amish artisans for $240 each, and her shop sells them for $390

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Pamola's Quilt Shoppe sells homemade Amish quilis. Pamela buys the quits from local Amish artisans for $240 each, and her shop sells them for $390 each. She also pays a sales commission of 4% of sales revenue to hor sales staff. Pamela leases her country-style shop for $1,500 por month and pays $2,200 per month in payroll cost in addition to the sales commissions. Pamela sold 70 qults in February. Prepare Pamela's traditional incomo statement and contribution margin income statement for the month: Prepare the tracticional income ntatoment tor the month

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