Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,483 per unit and then sells them to retail customers for an average price of $2,500 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling Advertising Sales salaries and commissions Delivery of planos to customers Utilities Depreciatine of sales facilities Administrative Executive salaries Insurance Clerical Depreciation of office equipment Cost Formila 950 per month 4,791 per month, plus 34 of sales 41 per piano sold $ 5,045 per month $ 13,421 per month 485 per month $ 2,545 per month, plus $37 per piano sold $934 per month 4 During August, Marwick's Pianos, Incorporated, sold and delivered 57 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 Selling and administrative expenses Selling expenses Total selling expenses Administrative expenses Total administrative expenses Tutal selling and administrative expenses