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Question 3 (7 points) Izzie Company is a merchandising firm. For the month of March, the company expects to sell 800 units. The following data

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Question 3 (7 points) Izzie Company is a merchandising firm. For the month of March, the company expects to sell 800 units. The following data describe the company's revenue and cost structure: Selling price per unit Sales commission Purchase price (cost) per unit Insurance expense Administrative expense $35 4% of total sales $18 $2,000 per month $4,500 per month Required: Prepare a contribution format income statement, in good form, for the month ended March 31, 2021. (7 Marks) Format V A

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