Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,482$ per unit and then sells them to retail customers for an average price of $$3,300$ each. The company's selling and administrative costs for a typical month are presented below:

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

Sales salaries and commissions, contribution margin, and net operating loss is incorrect