Need both Traditional and contribution statement

Seved Help Homework Cowork 1 Marwick's Pianos, Inc, purchases planos from a large manufacturer for an average cost of $1,489 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: Cost Formula Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administratives Executive salaries Insurance Clericat Depreciation of office equipment $948 per month $4,780 per month, plus 55 of sales $59 per piano sold $652 per month $5,080 per month $13,506 per month $706 per month $2,490 per month, plus $44 per piano sold 5943 per month During August, Marwick's Planos, Inc, sold and delivered 64 pianos. 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. (A "Net operating loss" should be entered as a negative number) Marwick's Planos, Inc. Contribution Format Income Statement