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Marwick's Planos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,490 per unit and then sells ther to retall customers for

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Marwick's Planos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,490 per unit and then sells ther to retall customers for an average price of $2.300 each. The company's selling and administrative costs for a typical month are presented below: During August. Marwick's Planos, Incorporated, sold and delivered 65 planos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contrbution 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 entening your answers in the tabs below. Prepare a triditional format income statement for. August. (A "Net opirating loss" should be entered as a negative number) Marwick's Pianos, Incorporated Contribution Format income Statement For the Month of August

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