Marwick's Planos, Inc., purchases planos from a large manufacturer and sells them a the retal evel The planos cost, on the average, 51,510 each trom the manufacturer Marwick's Planos, Inc., sells the planos to its customers at an average price of $2,700 each. The seling and administrative costs that the company incurs in a typical month are presented below Costs Selling Sales salaries and commigsions Delivery of pianos to customers Utiities Depreciation of sales facilities 5945 per month $4,786 per month, plus 4% of sales $59 per piano sold $663 per month $4943 per month Administrat ve Executive salaries Insurance Clerical Depreciation of office equipment $13,569 per month 708 per month $2,527 per month, plus $39 per piano sold S900 per month During August, Marwicks Pianos, Inc. , sold and delivered 63 pianos Required 1. Prepare an income statement for Marick's Pianos, Inc, tor August Use the tradnional tormat, with costs organized by tunction. (A "Net operating loss" should be entered as a negative number.)