Course: ACC-121-OKI1 2022SP X Show McGraw-Hill Education Campu: X Question 2 - Chapter 1 - Home X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/... ( * * D Update : Chapter 1 - Homework i Saved Help Save & Exit Submit You skipped this question in the previous attempt. Check my work 2 Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,509 per unit and then sells them to retail customers for an average price of $2,200 each. The company's selling and administrative costs for a typical month are presented below: 4 points Costs Cost Formula Selling : Advertising $957 per month Sales salaries and commissions $4, 818 per month, plus 3% of sales Delivery of pianos to customers $61 per piano sold eBook Utilities $668 per month Depreciation of sales facilities $4, 931 per month Administrative: Executive salaries $13 , 461 per month Print Insurance $719 per month Clerical $2 , 479 per month, plus $44 per piano sold Depreciation of office equipment $855 per month References During August, Marwick's Pianos, Incorporated, sold and delivered 60 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 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Incorporated Mc Graw HillCourse: ACC-121-OKI1 2022SP X McGraw-Hill Education Campu: X Question 2 - Chapter 1 - Home X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... Update : Chapter 1 - Homework i Saved Help Save & Exit Submit You skipped this question in the previous attempt. Check my work 2 Required 1 Required 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.) 4 points Marwick's Pianos, Incorporated Traditional Income Statement For the Month of August Book Print Selling and administrative expenses: Selling expenses: n References Total selling expenses o Administrative expenses Total administrative expenses ol Total selling and administrative expenses Required 1 Required 2 > Grav Course: ACC-121-OKI1 2022SP X McGraw-Hill Education Campu: X Question 2 - Chapter 1 - Home X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... Update : Chapter 1 - Homework i Saved Help Save & Exit Submit You skipped this question in the previous attempt. Check my work 2 Required 1 Required 2 Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis 4 down through contribution margin. (A "Net operating loss" should be entered as a negative number.) points Marwick's Pianos, Incorporated Contribution Format Income Statement For the Month of August Book Total Per Piano Variable expenses: Print n References Total variable expenses 0 Contribution margin Fixed expenses Total fixed expenses 0 Mc