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edPrepare a tradtional format income statement for August. Marwick's Pianos, Inc. Traditional Income Statement For the Month of August ok int Selling and administrative expenses Selling expenses ences Total selling expenses Administrative expenses Total administrative expenses Total selling and administrative expenses Required 2 e here to search Marwick's Pianos, Inc. purchases pianos from a large manufacturer for an average cost of $2.450 per unit and then sells them to retail customers for an average price of $3,125 each. The company's selling and administrative costs for a typical month are presented below Advertising Sales salaries and commissions Delivery of pianos to customers 5700 per month $950 per month, plus 8% of sales $30 per piano sold utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $1,000 per month, plus $20 per piano sold $300 per month During August, Marwick's Pianos, Inc., sold and delivered 40 planos. down through contribuon lalgil. Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses: Total variable expenses Contribution margin Fixed expenses: Total fixed expenses