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Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $1,484 per unit and then sells them to retoil customers for an

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Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $1,484 per unit and then sells them to retoil customers for an average price of $3,400 each. The company's selling and administrative costs for a typical month are presented below: During August, Marw k's Pianos, Incorporated, sold and delvered 60 planos: Required: 1. Prepace a traditional format income statement for August. 2. Prepare a combibuion formet income statement for August. Show costs and revenues on both a totaf and a per-unit bass down through contribution margin. Complete this question by entering your answers in the tabs below. Prepare s traditional format income seremem for Auguse. Prepare a traditional format income statement for August. Note: A "Net operating loss" should be entered as a negative number. Prepare a contributich format income statement for August. Show costs and revenues on both a total and a per-unit basis down through contribution margin. Note: A "Net operatina loss" should be entered as a negative number

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