Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,495$ per unit and then sells them

to retail customers for an average price of $$2,600$ each. The company's selling and administrative costs for a typical month are

presented below:

During August, Marwick's Pianos, Incorporated, sold and delivered $60$ 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.

Complete this question by entering your answers in the tabs below.

Prepare a traditional format income statement for August. $($A "Net operating loss" should be entered as a negative number.$)$

Marwick's Pianos, Incorporated

Traditional Income Statement

For the Month of August