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Haaki Shop, Inc. is a large retailer of surfboards. The company assembled the information shown...

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Accounting

Haaki Shop, Inc. is a large retailer of surfboards. The company assembled the information shown below for the quarter ended May 31:

Prepare a traditional income statement or the quarter ended May 31.

Prepare a contribution format income statement for the quarter ended May 31.

What was the contribution toward fixed expenses and profits for each surfboard sold during the quarter (State this figure in a single dollar amount per surfboard).

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