please assist, thanks.

Problem 1-21 (Algo) Traditional and Contribution Format Income Statements (LO1-6) Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1.486 per unit and then sells them to retail customers for an average price of $3,400 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 Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $962 per month $4,817 per month, plus 6% of sales $61 per piano sold $666 per month $5,037 per month $13,501 per month $719 per month $2,451 per month, plus $43 per piano sold $907 per month During August, Marwick's Pianos, Incorporated, sold and delivered 61 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 Requieu Requieu 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative num Marwick's Pianos, Incorporated Traditional Income Statement For the Month of August Selling and administrative expenses Selling expenses Total selling expenses Administrative expenses Total administrative expenses Total selling and administrative expenses nu Requieu1 Regulieu 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 Pianos, Incorporated Contribution Format Income Statement For the Month of August Total Per Piano Variable expenses Total variable expenses Contribution margin Fixed expenses Total fixed expenses