prepare a traditional income statement as os april 30. All numbers should round to the nearest dollar.

Instructions: Using a Word document, answer the following three Situations regarding traditional and statement, contribution margin format income statements, Project Profitability, and Operating Income Loss. Once you have completed the assignment, upload it as an attachment in this section. ACC 600 IMBA Assignment 1 Situation 1 Honest Charlene's Auto Dealer purchases used cars at auto auctions and sells them retail. The autos, on average, sell for approximately $20,000 each and cost Charlene $13,500. The costs that the company incurs in a typical month are listed below: During April, Honest Charlene's sold 75 Autos Costs Cost Formula Selling: Advertising $3,900 per month $ 900 per auto sold Preparation of Autos for Delivery $4,100 per month, plus 7% of sales Sales salaries & commissions $5,200 per month Utilities (same every month) $4,500 per month Depreciation on sales facility Administrative: $12,800 per month Executive salaries $2,200 per month Depreciation on office equipment $3,600 per month $1,900 per month Clerical staff salaries Insurance