Marwick's Pianos, inc., purchases pianos from a large manufacturet for an average cost of $2,450 per unit and then setis them to retal curtomers for an average price of $3,125 each. The company's selling and administrative costs for a typical month are presented betion During August, Marwick's Pianos; inc, sold and delivered 40 planos. Required; 1. Piepare a traditional format income statement for August 2. Prepare a contribution format income statement for August. Show costs and revenues on both o fotal and oper unit basis down throwgh contribution margin. Complete this question by entering your answers in the tabs below. Prepare a traditional format income statement for August