Marwick's Pianos. Incorporated. purchases pianos from a large manufacturer for an average cost of $2,450 per unit and then sells them to retall customers for an average price of $3,125 each. The company's selling and administrative costs for a typical month are presented below: During August, Marwick's Planos, incorporated, sold and delivered 40 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. Complete this question by entering your answers in the tabs below. Prev 2 of 2