Samuel Ltd is a merchandising company and the data for the last month's operation is provided below: Sales.. $ 850,000 Selling expenses. $ 3,000 per month plus 2% of sales Freight out. $ 20 per unit sold Lighting $ 30,000 (60% variable and 40% fixed) Office expenses. $1,800 per month plus $5 per unit sold Depreciation. $ 2,800 per month Additional information: The selling price per unit is $50. The company has hired a new sales person who is paid a salary of $1,200 per month. (Marks: 10) Required: Prepare a Contribution Format Income Statement for Samuel Ltd