Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,519 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 Cost Tormula Selling Advertising $967 per month Sales salaries and commissions $4,793 per month, plus 41 of sales Delivery of pianos to customers $63 per piano sold Utilities $651 per month Depreciation of sales facilities $5,019 per month Administrativer Executive salaries $13,484 per month Insurance 5703 per month clerical $2,486 per month, plus 542 per piano sold Depreciation of office equipment $855 per month During August, Marwick's Planos, Incorporated, sold and delivered 65 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.) Marwick's Pianos, Incorporated Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses Total selling expenses Administrative expenses 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 Planos, Incorporated Traditional Income Statement For the Month of August Selling and administrative expenses Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expenses RO Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 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. (A "Net operating loss should be entered as a negative number.) Marwick's Planos, Incorporated Contribution Format Income Statement For the Month of August Total Per Plano Variable expenses: Total variable expenses Contribution margin Fixed expenses Total foxed expenses Required 2