Marwick's Planos, Inc., purchases planos from a large manufacturer for an average cost of $1,513 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 $969 per month $4,822 per month, plus 3% of sales $62 per piano sold $664 per month $4,902 per month $13,573 per month $717 per month $2,496 per month, plus $38 per piano sold $862 per month During August, Marwick's Planos, Inc., sold and delivered 58 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 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, Inc.