Marwick's Pianos, Incorporated, purchases planos from a manufacturer for an average cost of $1,484 per unit and then selis them to retail customers for an average price of $2,900 each. The company's selling and administrative costs for a typical month are presented below: During August, Marwick's Pianos, Incorporated, sold and delivered 64 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 enteriag your answers in the tabs below. Prepare a traditional format income statement for August. Note: A "Net operating loss" should be entered as a negative number. them to retall customers fot an average brice of $2.900 each. The company's seling and adminitsative costs for a fypical month are presented below Dueing August. Manwick's Planos, Incorporated, sold and delivered 64 pianos. Requirec: 1. Prepare a traditionsl format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and revenues on both a sotal and a per-unit basis down through contribution margin. Cemplete this questien by enteriag your anwers in the tabs below. Prepore a contribution 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 operating loss" should be entered as a negative number