The Friends company is a single product company. The following data is available for the month of March 2021.

1. Sale price per unit:Tk.30.00

2. Number of units manufactured and sold during themonth:2,000

3. Variable manufacturing cost per unit:Tk.12.00

4. Variable selling and administrative cost per unit:Tk.4.00

5. Fixed manufacturing cost per month:Tk.6,00

6. Fixed marketing and administrative cost per month:Tk. 2,000

Company does not maintain finished goods and work in process inventory.

Required

1. Prepare income statement following traditional format

2. Prepare income statement following contribution format