3 33.34 points eBook Print References Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,517 per unit and then sells them to retail customers for an average price of $2,600 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $953 per month $4,784 per month, plus 6% of sales $60 per piano sold $648 per month $4,962 per month $13,449 per month $702 per month $2,511 per month, plus $39 per piano sold $948 per month During August, Marwick's Pianos, Incorporated, sold and delivered 64 pianos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Incorporated Variable expenses: Contribution Format Income Statement Total variable expenses Contribution margin Fixed expenses: Advertising Total fixed expenses For the Month of August Total Per Plano 0 0 0 < Required 1 Required 2 >