Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,509$ per unit and then sells them to retail customers for an average price of $$3,500$ each. The company's selling and administrative costs for a typical month are presented befow:

$\backslash$table$[[\backslash$table$[[$Costs$],[$Selling:$]],$Cost Formula$],[$Advertising$,$$$942$ per month$],[$Sales salaries and commissions,$\backslash$table$[[$$$942$ per month$],[$$$4,823$ per month, plus $3\%$ of sales$]]],[$Delivery of pianos to customers,$$59$ per piano sold$],[\backslash$table$[[$Utilities$],[$Denreciation of caloc fonilition$]],$$$656$ per month$],[\backslash$table$[[$Administrative:$]],$$$5,093$ per month$],[$Executive salaries,$$13,418$ per month$],[\backslash$table$[[$Insurance$],[$Clerical$]],$$$694$ per month$],[$Depreciation of office equipment,$\backslash$table$[[$$$2,534$ per month, plus $$37$ per piano sold$],[$$$855$ per month$]]]]$

During August, Marwick's Pianos, Incorporated, sold and delivered $57$ pianos.

Required:

Prepare a traditional format income statement for August.

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.