Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,511 per unit and then sells them to retail customers for an average price of $3,100 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: Executive salaries) Insurance Clerical Depreciation of office equipment Cost Formula $947 per month $ 4,821 per month, plus 6 of sales $ 57 per piano sold $636 per month $ 5,098 per month $ 13,515 per month $ 686 per month $ 2,529 per month, plus $40 per piano sold. $ 873 per month During August, Marwick's Pianos, Incorporated, sold and delivered 63 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. 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.) Marwick's Pianos, Incorporated Traditional Income Statement For the Month of August