Pam's Quilt Shoppe Contribution Margin Income Statement For the Month Ended February 28 Less: Less: Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts from local Amish artisans for $290 each, and her shop sells them for $440 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Pam leases her country-style shop for $1,100 per month and pays $1,300 per month in payroll costs in addition to the sales commissions. Pam sold 100 quilts in February. Prepare Pam's traditional income statement and contribution margin income statement for the month. Prepare the traditional income statement for the month. Pam's Quilt Shoppe Income Statement For the Month Ended February 28 Less: Less: A I - - 1