Marwicks Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,485 per unit and then sells them to retail customers for an average price of $2,400 each. The companys selling and administrative costs for a typical month are presented below:

Costs	Cost Formula
Selling:
Advertising	$	941 per month
Sales salaries and commissions	$	4,791 per month, plus 4% of sales
Delivery of pianos to customers	$	61 per piano sold
Utilities	$	647 per month
Depreciation of sales facilities	$	5,071 per month
Administrative:
Executive salaries	$	13,558 per month
Insurance	$	708 per month
Clerical	$	2,517 per month, plus $44 per piano sold
Depreciation of office equipment	$	935 per month
During August, Marwicks Pianos, Inc., sold and delivered 59 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. Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.)

For the Month of August Selling and administrative expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expenses