both statements required

Marwick's Pianos, Inc., purchases planos from a large manufacturer for an average cost of $1,504 per unit and then sells them to retail customers for an average price of $2,700 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 $960 per month $4,787 per month, plus 34 of sales $58 per piano sold $655 per month $4,964 per month $13,525 per month $699 per month $2,480 per month, plus $37 per piano sold $928 per month During August, Marwick's Pianos, Inc., sold and delivered 61 planos. 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 Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expenses OUR Vyuo Total Per Piano Variable expenses: 0 Total variable expenses Contribution margin Fixed expenses: Total fixed expenses 0