Marwick's Pianos, Inc. purchases planos from a large manufacturer for an average cost of $1.482 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 pianes to customers Utilities Depreciation of seles facilities Administrative Executive salaries Insurance Clericed Depreciation of office equipment $936 per month $4,824 per month, plus 6% of sales $58 per piano sold $647 per month $5,824 per month $13, 461 per month $708 per month $2,512 per month, plus $38 per piano sold $871 per month During August Marwick's Planos, Inc., sold and delivered 55 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. During August, Marwick's Planos, Inc, cold and delivered 55 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 d 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.) Nerwick's Pianos, Inc. Traditional income Statement For the Month of August Sales Selling and administrative exerses Selling expenses 0 Total selling expenses Administrative expenses. Seved For the Month of August Sales Selling and administrative expenses Selling expenses 0 Total selling expenses Administrative expenses 0 Total administrative expenses Total selling and administrative expenses 0 WIELE UNUDU My Enemy run annen we over. Required 1 Required 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. (A Net operating loss should be entered as a negative number.). Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses Total variable expenses 0 Contribution margin Fixed expenses Total feed expenses