Marwick's Planos, Incorporated, purchases planos from a manufacturer for an average cost of $1,507 per unit and then sells them to retail customers for an average price of $3,200 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling: Advertising Sales salaries and commissions Delivery of planos to customer's Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $945 per month $4,773 per month, plus 5% of sales $61 per piano sold $668 per month $5,019 per month $13,516 per month $692 per month $2,472 per month, plus $40 per plano sold $876 per month During August, Marwick's Planos, Incorporated, 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 1 Required 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. Note: A "Net operating loss should be entered as a negative number. Marwick's Pianos, Incorporated Contribution Format Income Statement For the Month of August Variable expenses: Total variable expenses Contribution margin Fixed expenses Total fixed expenses Total Per Piano D