Ralph and Wendy Martin own fruit and vegetable stand in a former warehouse that has been converted to retail sales space. Other vendors with booths or stands in the former warehouse sell crafts, collectibles, antiques, herbal products, knick-knacks, and miscellaneous (flea market) items The Matins have two on-call employees, who can be summoned to the stand to assist in its operation when extra help is needed. This typically occurs on weekends in late summer and early autumn, when fresh fruits and vegetables are plentiful, and so sales increase. It also occurs in December, when customers buy fruit gift baskets for family and friends during the holiday season. So, employment of the on-call employees is erratic, depending on customer demand In 2021, the fruit and vegetable stand had the following annual costs and sales revenue Monthly rent (based on square footage of floor space occupied by the stand): $12,000 Heat and air conditioning (fluctuates monthly, depending on the season; assessment based on $3,932 square footage of floor space the vendor's operation occupies): Business license (issued annually by the city where stand operates): $500 On-call workers' wages: $16,318 Depreciation on equipment (display racks, refrigerator, tables for preparing fruit baskets): $7,000 Sales revenue: $118,923 Supplies (bags for fruit and vegetables sold: baskets, plastic wrap, decorative items, and cards used for gift baskets): $2,386 Payments on bank loan to purchase equipment (payments due monthly) $1,800 Salaries for Ralph and Wendy as business owners (even monthly payments): $46,000 Insurance on equipment (even amounts paid monthly): $1,200 Delivery service for fruit baskets ($500 a month flat fee): $500 Plus: Delivery service fee for each fruit basket ($15 per delivery): $1,470 Sales tax collected and paid to state and local governments (5% tax rate) $5.946 Fall 2022 Required 1 Prepare a traditional income statement for 2021. 2. Prepare a contribution format income statement for 2021. 3 What costs does the Contribution Margin Income Statement format isolate (make apparent) that the Traditional Income Statement format does not? 4 For the statement you prepared for Part 2, why might it be misleading to show the fixed costs on a per unit basis? 5. What is the contribution margin ratio