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 Cost Formula Advertising Sales salaries and commissions Delivery of pianos to custoners vtilities Depreciation of sales facilities $700 per month 950 per month, plus 8t of sales $30 per piano sold $350 per month $800 per month Adninistrativer Executive salaries Insurance Clerical Depreciation of office equipment $2,500 per month $400 per month $1,000 per month, plus $20 per piano sold 300 per month During August, Marwick's Pianos, Inc., sold and delivered 40 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 Answer is not complete. Complete this question by entering your answers in the tabs below