Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,504 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: Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $944 per month $4,800 per month, plus 48 of sales $62 per piano sold $646 per month $5,049 per month $13,587 per month $719 per month $2,519 per month, plus $35 per piano sold $875 per month During August, Marwick's Pianos, Incorporated, sold and delivered 55 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 Calee 1ER Eml