Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,503 per unit and then sells them to retail customers for an average price of $2,100 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 $ 955 per month $ 4,806 per month, plus 5% of sales $ 61 per piano sold $ 665 per month. $ 5,004 per month $ 13,440 per month $ 683 per month $ 2,540 per month, plus $37 per piano sold $ 928 per month During August, Marwick's Pianos, Incorporated, sold and delivered 62 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