Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,482$ per unit and then sells t to retail customers for an average price of $$3,300$ each. The company's selling and administrative costs for a typical month are presented below:

$\backslash$table$[[$Costs$,$Cost Formula$],[$Selling:$,$$$931$ per month$],[$Advertising$,$$$4,777$ per month, plus $4\%$ of sales$],[$Sales salaries and commissions,$$58$ per piano sold$],[$Delivery of pianos to customers,$$633$ per month$],[$Utilities$,$$$4,994$ per month$],[$Depreciation of sales facilities,$],[$Administrative:$,$$$13,542$ per month$],[$Executive salaries,$$703$ per month$],[$Insurance$,$$$2,480$ per month, plus $$35$ per piano sold$],[$Clerical$,$$$856$ per month$]]$

During August, Marwick's Pianos, Incorporated, sold and delivered $62$ 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.