Question: Refer to the Princeton Drycleaners in E6 21A Assume that
Refer to the Princeton Drycleaners in E6- 21A. Assume that Princeton charges customers $ 8 per garment for dry cleaning. Prepare Princeton’s projected income statement if 4,300 garments are cleaned in March. First, prepare the income statement using the traditional format; then prepare Princeton’s contribution margin income statement.
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