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Help Save Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,503 per unit and then sells them to retail

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Help Save Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,503 per unit and then sells them to retail customers for an average price of $2,100 each. The company's seling and administrative costs for a typical month are presented below 6965 per month 4,782 per month, plus 5t of sales $63 per pisno sold 5635 per nonth 5,056 per month Sales salaries and connissions Delivery of pianos to eustomers Depreciation of sslea fscilities Executive salaries Clerica aniniatratire : 13, 596 per month 715 per 82, 461 per ionth, plus $39 per piano 01d 090 per month Depreciation of ottiee eqaipment During August, Marwick's Pianos, Inc, sold and delivered 62 pianos Required: 1 Prepare a traditional format income statement for August 2 Prepare a contibution 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. K Prey 2 of 5 Next>

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