Marwick's Piano5, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,488 per unit and then sells them to retall customers for an average price of $3,500 each. The company's selling and administrative costs for a typical month are presented below: During August, Morwicks Planos, 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 tevenves on both a total and a per unit basis down through contribution margin. Complete this question by entering your answers in the tabs below. Prepare s traditional format income statement for August. Wote A "Wet bperating loss" should be entered as a negative number. Prepare a traditional format income statement for August. Notet A 'Net operating loss' should be entered as a negative number. 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. Note: A 'Net operating loss' should be entered as a negative number