Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $$1,484$ per unit and then sells them to retail customers for an average price of $$2,700$ each. The company's selling and administrative costs for a typical month are presented below:

$\backslash$table$[[$Costs$,$Cost Formula$],[$Selling:$,$$$967$ per month$],[$Advertising$,$$$4,779$ per month, plus $5\%$ of sales$],[$Sales salaries and commissions,$$57$ per piano sold$],[$Delivery of pianos to customers,$$548$ per month$],[$Utilities$,$$$648$

$\backslash$table$[[,,-],[?,,],[$Total variable expenses,$0,0],[$Contribution margin,?,$],[$Fixed expenses:,,$],[?,,],[?,,],[-,,],[?,,],[,,],[?,,],[?,,],[?,,],[,,],[,,],[$Total fixed expenses,$0,],[,,]]$

Required $1$

Required $2$

Prepare a traditional format income statement for August.

Note: A "Net operating loss" should be entered as a negative number

Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $$1,484$ per unit and then sells them to retail customers for an average price of $$2,700$ each. The company's selling and administrative costs for a typical month are presented below:

$\backslash$table$[[$Costs$,$Cost Formula$],[$Selling:$,$$$967$ per month$],[$Advertising$,$$$4,779$ per month, plus $5\%$ of sales$],[$Sales salaries and commissions,$$57$ per piano sold$],[$Delivery of pianos to customers,$$548$ per month$],[$Utilities$,$$$648$