Marwick$$s Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,503$ per unit and then sells them to retail customers for an average price of $$3,300$ each. The company$$s selling and administrative costs for a typical month are presented below:

Costs Cost Formula

Selling:

Advertising $ $962$ per month

Sales salaries and commissions $ $4,785$ per month, plus $4\%$ of sales

Delivery of pianos to customers $ $58$ per piano sold

Utilities $ $636$ per month

Depreciation of sales facilities $ $4,920$ per month

Administrative:

Executive salaries $ $13,498$ per month

Insurance $ $701$ per month

Clerical $ $2,455$ per month, plus $$41$ per piano sold

Depreciation of office equipment $ $925$ per month

During August, Marwick$$s Pianos, Incorporated, sold and delivered $65$ 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.