9 Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1.501 per unit and then sells them to retail customers for an average price of $3,300 each. The company's selling and administrative costs for a typical month are presented below Cast Forwin 20 Doint Costs Selling vertising Sales salaries and commissions Delivery of pines to customers utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depredation of office equipment $956 per month $4,805 per month, plus 5X of sales 558 per piano sold $637 per month 54,968 per month Rece $13,506 per month $783 per month 52,520 per month, plus $41 per piano sold $919 per month During August, Marwick's Pianos, Inc, sold and delivered 6 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 Prepare a traditional Format Income statement for August. (A "Nat operating loss should be entered as a negative number Marwick's Planos, Inc For the Month of Mugust Required 1 Required 2 9 Prepare a traditional format income statement for August. (A "Net operating loss should be entered as a negative number.) 20 points Marwick's Pianos, Inc. Traditional Income Statement For the Month of August References Selling and administrative expenses Selling expenses Total selling expenses Administrative expenses Total administrative cop Totalling and administrative expenses Required 2 > Required 1 Required 2 9 20 points 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 Planos, Inc. Contribution Format Income Statement For the Month of August Total Por Plano References Variable expenses Total variable expenses Contribution margin Fleed expenses Total de