Required: Prepare a Traditional Format Income Statement for the month ended September 30, 2013 in the space provided. PLEASE EXPLAIN. I use chegg as a study tool so I can go back and do similar questions to prepare for exams.

100 Number of units sold Administrative expenses (S4,900 variable, S2,100 fixed) S 7,000 S 13,000 Cost of goods sold a variable) S 32,000 Sales revenue Selling expenses ($1,600 variable, $2,400 fixed) 4,000