4.

Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,496 per unit and then sells them to retail customers for an average price of $3,200 each. The company's selling and administrative costs for a typical month are presented below: During August, Marwick's Pianos, incorporated, sold and delivered 59 pianos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution formot 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 Reguired 2 4 Marwick's Pianos, Incorporated Traditional Income Statement 1.25 For the Month of August points skipped \begin{tabular}{|c|} \hline eBook \\ \hline Print \\ \hline References \\ \hline \end{tabular} 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. Note: A "Net operating loss" should be entered as a negative number