Marwick's Planos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,512 per unit and then sells them to retail customers for an average price of $3,500 each. The company's selling and administrative costs for a typical month are presented below: Costs Cost Formula Selling: Advertising $945 per month Sales salaries and commissions $4,790 per month, plus 58 of sales Delivery of pianos to customers $61 per piano sold Utilities $632 per month Depreciation of sales tacilities $4,960 per month Administrative: Executive salaries $13,471 per month Insurance $695 per month Clerical $2,454 per month, plus $42 per piano sold Depreciation of office equipment $925 per month During August, Marwick's Planos, Incorporated, sold and delivered 63 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, Incorporated Traditional Income Statement For the Month of August Sales 220,500 95,256 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses: Advertising 0 Total selling expenses Administrative expenses: Total administrative expenses