4 Excel Analytics 02-01 (Static) Cost Concepts (LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below] Crispin Company's sales from last year were $8 million. The company maintains no beginning or ending inventories It has assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements Click here to download the Excel template, which you will use to answer the questions that follow Click here for a brief tutorial on PivotTables in Excel Click here for a brief tutorial on PivotCharts in Excel Click here for a brief tutorial on SUMIF in Excel Excel Analytics 02-01 (Static) Part 3 3. Refer to the "Income Statements" tab within your template. Using the SumiF function to quantify the cost of goods sold, the selling expense, and the total administrative expense: a. Prepare a traditional format income statement. (Hint: The cost of goods sold should include all direct materials, direct labo variable manufacturing overhead, and fixed manufacturing overhead costs) b. Based on the traditional format income statement, what is the gross margin? do dedicine fount income statement, what is the total selling and administrative expense? c. Based on the traditional format income statement, what is the total selling and administrative expense? Complete this question by entering your answers in the tabs below. nces Req 34 Req 38 Req3C Prepare a traditional format income statement. (Hint: The cost of goods sold should include all direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead costs.) The cost of goods sold in this income statement is look Print c. Based on the traditional format income statement, what is the Complete this question by entering your answers in the tabs below. References Rec 3A Req Req 3C Based on the traditional format income statement, what is the gross margin? The gross margin is Req30 >> Book Complete this question by entering your answers in the tabs below. Pat Seferences Reg 3A Req 38 Req 3C Based on the traditional format income statement, what is the total selling and administrative expense? The tal selling and administrative expense is