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Home Entertainment is a small, family-owned business that purchases LCD televisions from a reputable manufacturer and sells them at the retail level. The televisions sell, on average, for $2,060 each. The average cost of a television from the manufacturer is $1,330. Home Entertainment has always kept careful accounting records, and the costs that it incurs in a typical month are as follows: Costs Cost Formula Selling: Advertising $ 1,090 per month Delivery of televisions $ 50 per televi Sales salaries and commissions $ 3,040 per month, Utilities $ 404 per month Depreciation of sales facilities $ 3,160 per month Administrative: Executive salaries $11,500 per month Depreciation of office equipment $ 805 per month Clerical $ 1,860 per month, Insurance $ 720 per month During April, the company sold and delivered 219 televisions. Required: 1. Prepare an income statement for April using the traditional format with costs organized by function. 1. Prepare an income statement for April using the traditional format with costs organized by function. Selling and administrative expenses: __ Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expenses 2. Prepare an income statement for April, this time using the contribution format with costs organized by behaviour. Show costs and revenues on both a total and a per unit basis down through contribution margin. Total variable expenses I Fixed expenses: _ Total xed expenses