Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,484 per unit and then sells them to retail customers for an average price of $2,600 each. The company's selling and administrative costs for a typical month are presented below: Conte Selling Advertising Sales salaries and commissions Delivery of pianos to customers Utilities. Depreciation of sales facilities Administratives Executive salaries Insurance Clerical Depreciation of office equipment Cost formula $956 per month $4,828 per month, plus 44 of sales $58 per piano sold. 5647 per month $5,039 per month $13,544 per month $600 per month $2,494 per month, plus $42 per piano sold 5061 per month During August, Marwick's Pianos, Inc., sold and delivered 59 planos. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.)