Check my wo Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,505 per unit and then sells them to reta 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 Formula Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities ed $956 per month $4,787 per month, plus 5t of sales $58 per piano sold $631 per month $4,995 per month Administrativei $13,467 per month Executive salaries Insurance clerical Depreciation of office equipment ces $714 per month $2,464 per month, plus $41 per piano sold s901 per month During August, Marwick's Pianos, Inc., sold and delivered 64 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 belovw