Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an averge cost of $$1,505$ per unit and then sells them to retail customers for an average price of $$2,600$ each The company's selling and administrative costs for a typical month are presented below:

Advertising: $$962$ per month

Sales salaries and commissions: $$4,799$ per month, plus $5\%$ of sales

Delivery of pianos to customers $$59$ per piano sold

Utilities: $$667$ per month

Depreciation of sales facilities: $$5,032$ per month

Executive salaries: $$13,508$

Insurance: $$702$ per month

Clerical: $$2,475,$ plus $$35$ per piano sold

Depreciation of office equiptment: $$937$ per month

During August, Marwicks Pianos sold and delivered $60$ Pianos

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

Marwick's Pianos, Incorporated

Traditional Income Statement

For the Month of August

$\backslash$table$[[$For the Month of August,$],[$Selling and administrative expenses:,$],[$Selling expenses:,$],[,],[,],[,],[,],[$Total selling expenses,$],[$Administrative expenses:,$],[,],[,],[,],[$Total selling and administrative expenses,$]]$