Marwick's Planos, Inc., purchases planos from a large manufacturer for an average cost of $1.517 per unit and then sells them to retail customers for an average price of $2,600 each. The company's selling and administrative costs for a typical month are presented below. Cost Cost Formula Selling: Advertising $957 per month Sales salaries and commissions $4,808 per month, plus 38 of sales Delivery of pianos to customers $61 per piano sold Utilities $645 per month Depreciation of sales facilities $5,052 per month Administrative: Executive salaries $13,583 per month Insurance $711 per month $2,514 per month, plus $43 per piano clerical sold Depreciation of office equipment $904 per month During August, Marwick's Planos, Inc., sold and delivered 59 planos Required: 2. 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 Required 1 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Inc. Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses Total selling expenses Administrative expenses: Sold Per month, plus $43 per piano Advertising $957 per month Sales salaries and commissions $4,808 per month, plus 38 of sales Delivery of pianos to customers $61 per piano sold Utilities $645 per month Depreciation of sales facilities $5,052 per month Administrative Executive salaries $13,583 per month Insurance $711 per month clerical Depreciation of office equipment $904 per month During August, Marwick's Planos, Inc., sold and delivered 59 planos. 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 Required 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. (A "Net operating loss" should be entered as a negative number.) Show less Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses: 0 0 Total variable expenses Contribution margin Fixed expenses Total fixed expenses