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Question 27 14 pts Contribution Margin Income Statement Mya's Gift Baskets sells gift baskets, on average, for $130; each gift basket costs, on average, $75.

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Question 27 14 pts Contribution Margin Income Statement Mya's Gift Baskets sells gift baskets, on average, for $130; each gift basket costs, on average, $75. Mya pays salaries each month of $1,500 and her store rent is $1,000 per month. She also pays sales commissions of 5% of the sales price. In May, 180 gift baskets were made and sold. Required: 1. Prepare a traditional multi-step income statement for the month of May. 2. Prepare a contribution margin income statement for the month of May. Upload Choose a File Question 28 O pts Instead of uploading your solution to Question 27. you may type your solution here. You only need to submit your d in stion 27 Dedbare

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