Pat's Quilt Shoppe sells homemade Amish quilts. Pat buys the quilts from local Amish artisans for $270 each, and her shop sells them for $440 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Pat leases her country-style shop for $1,100 per month and pays $1,200 per month in payroll costs in addition to the sales commissions. Pat sold 100 quilts in February. Prepare Pat's traditional income statement and contribution margin income statement for the month. Prepare the traditional income statement for the month. Pat's Quilt Shoppe Income Statement For the Month Ended February 28 Less: Less: LLLL Pat's Quilt Shoppe sells homemade Amish quilts. Pat buys the quilts from local Amish artisans for $270 each, and her shop sells them for $440 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Pat leases her country-style shop for $1,100 per month and pays $1,200 per month in payroll costs in addition to the sales commissions. Pat sold 100 quilts in February. Prepare Pat's traditional income statement and contribution margin income statement for the month. Pat's Quilt Shoppe Contribution Margin Income Statement For the Month Ended February 28 Less: Less