question 10 answer please

(8 points) Question 10 Music Village sells amplifiers. Information froem the quarter shows income of $970,200 and cost of goods sold as $462,000. The company has $2 3 7,020 m seling expenses, which includes a 10% commission for each amplifier sold The company also has $105,000 m adnanistrative expenses, 80% of which are fixed. The company buys amplifiers forn several suppliers with an average pnce of S220 and resells them with a 1 10% mark-up on the price. 2. Prepare anincome statement for the quarter using the contribution approach 3. How much doesthe sale of each amplifier contnbute to covening fixed costs? 4. What is the manimum number of amplifiess MMusic Village needs to sell to break even? (8 poinb) Ouestion 11 Peggy's Quilt Shoppe sells homemade Meranorate quaits Peggy buys the quits from local Mennonite artisane for $ 290 each and