Chademy work 17 Problem 1-21 (Algo) Traditional and Contribution Format Income Statements (L01-6] 10 points Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1489 per unit and then sells them to retail customers for an average price of $3,500 each. The company's selling and administrative costs for a typical month are presented below: 9406 Print References Costs Cost Formula Selling: Advertising 1938 per month Sales salaries and commissione $4,00 per month, plus of sales Delivery of place to customers $60 per piano sold Utilities 5669 per month 35,049 per month "sale facilities Executive salaries $13,467 per month Insurance $65 per month Clerical 12.513 per month. plus 543 per piano sold Depreciation of office equipment $933 per month During August. Marwick's Planos, Incorporated, sold and delivered 57 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 Complete this question by entering your answers in the tabs below. Required 3 Required 2 Prepare a contribution format income statement for August. Show costs and revenues on both a total anda per units thu ni mamin nararinn Inch with me Pre Nord 17 of 17 17 Required 1 Required 2 10 point 8 040 Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per units down through contribution margin. (A "Net operating loss should be entered as a negative number) Marwick's Planos, Incorporated Contribution Format Income Statement For the Month of August Total Per Piano Sales 599,500 2.500 Variable expenses Cost of goods sold 84,873 146 Sales salaries and com 5.900 B Print Reference 90.858 1.489 Total variable expenses Contribution margin Faed expenses