Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1499 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: Cost Formula Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $951 per month $4,811 per month, plus 4% of sales $60 per piano sold $646 per month $4,965 per month $13,527 per month 5689 per month 52,539 per month, plus 543 per piano sold $855 per month During August, Marwick's Planos, Inc., sold and delivered 55 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 bass down through contribution margin Complete this question by entering your answers in the tabs below. Now Prepare a traditional format income statement for August. (A "Net operating loss should be entered as a negative number.) ditonal leone Statemen For the Month of August Selling and administrative expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expense 4 of 5 Next > MarwickSPE Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses Total variable expenses Contribution margin