Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $$1,490$ per unit and then sells them to retail customers for an average price of $$3,300$ each. The company's selling and administrative costs for a typical month are presented below:

$\backslash$table$[[$Costs$,$Cost Formula$],[$Selling:$,],[$Advertising$,$$$930$ per month$],[$Sales salaries and commissions,$$4,821$ per month, plus $6\%$ of sales$],[$Delivery of pianos to customers,$$63$ per piano sold$],[$Utilities$,$$$639$ per month$],[$Depreciation of sales facilities,$$4,952$ per month$],[$Administrative:$,$$$13,508$ per month$],[$Executive salaries,$$691$ per month$],[$Insurance$,$$$2,497$ per month, plus $$42$ per piano sold$],[$Clerical$,$$$935$ per month$]]$

During August, Marwick's Pianos, Incorporated, sold and delivered $58$ 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.