IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting it after the test is over. Label your work with the question number Mels Metals is a high-end jewelry store, specializing in custom pieces Last month, the company sold 1,000 pieces of jewelry at $400 a piece. . The markup percentage on each piece of jewelry is 100% of cost. Hint That means the cost is half of the sales price. The company employs a metalsmith for $5,000 each month who creates custom pieces and performs repairs . The company pays $15.500 each month to rent its equipment and retail space The company employs a salesperson who receives 3% of the sales price of each piece sold Complete the contribution margin income statement below, prepared for one month of operations, Sales Revenue $ 400,000 . $ $ Operating Income $ IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting it after the test is over. Label your work with the question number Mels Metals is a high-end jewelry store, specializing in custom pieces Last month, the company sold 1,000 pieces of jewelry at $400 a piece. . The markup percentage on each piece of jewelry is 100% of cost. Hint That means the cost is half of the sales price. The company employs a metalsmith for $5,000 each month who creates custom pieces and performs repairs . The company pays $15.500 each month to rent its equipment and retail space The company employs a salesperson who receives 3% of the sales price of each piece sold Complete the contribution margin income statement below, prepared for one month of operations, Sales Revenue $ 400,000 . $ $ Operating Income $