es Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,483 per unit and then sells them to retail customers for an average price of $2,500 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, $943 per month $4,806 per month, plus 5% of sales- $61 per piano sold $664 per month $5,074 per month $13,579 per month $697 per month $2,539 per month, plus $40 per piano sold $927 per month During August, Marwick's Pianos, Incorporated, sold and delivered 63 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 contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Incorporated Contribution Format Income Statement For the Month of August Sales Variable expenses) Cost of goods sold Callies and rommissions Total Per Piano