Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,489 per unit and then sells them 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: Cost Formula 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 $935 per month $4,778 per month, plus 6 of gales $ 60 per piano sold $ 666 per month $4.980 per month $13, 409 per month S716 per month $2,499 per month, plus $99 per piano sold $914 per month During August, Marwick's Pianos, Incorporated, sold and delivered 63 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. Required 1 Required 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.) Reguireu 1 Requireu Prepare a contribution format income statement for August. Show cos down through contribution margin. (A "Net operating loss" should be e Marwick's Pianos, Incorporated Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses. Total variable expenses 0 0 Contribution margin Fixed expenses Total fixed expenses 0