\begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline Total selling expenses & & \\ \hline Administrative expenses. & 0 & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total administrative expenses & & \\ \hline Total selling and administrative expenses & & \\ \hline & & \\ \hline \end{tabular} Required 2 Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,481 per unit and then sells them to retall customers for an average price of $3,000 each. The company's selling and administrative costs for a typical month are presented below: During August. Marwick's Pianos, incorporated, sold and delivered 57 plano5 Required: 1. Prepare a tradisonal format income statement for August. 2. Prepate a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin. Prebare a traditional format income staternent for Auaust. (A "Net onerating loss" should be entered as a negative number.) Required 1 Pacoulied? \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Marwick's Pianos, Incorporated } \\ \hline \multicolumn{1}{|c|}{ Contribution Format Income Statement } \\ \hline & For the Month of August & \\ \hline Variable expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total variable expenses & & \\ \hline Contribution margin & & \\ \hline Fixed expenses; & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}