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Marwicks Planos, Inc, purchases planos from a large manufacturer for an average cost of St483 per unit and then sells them to retall customers for an average price of $3.000 each. The company's selling and administrative costs for a typical month are presented below Selling Narering Sales walaries and minions Delivery of plans to Utthias Depreciation of sales facilities ministri ve salaries Insurance cleriet Depreciation of ofte erant Cost Person 1943 per month $4,700 per month, plesale 06 per piano cold 4649 per month 35,00 per month 013,54per month 8710 per month $3.519 per month, plus per plano mold 1936 per month During August, Marwick's Pianos.Inc. sold and delivered 60 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 through contribution margin down Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional format incomment for AUGUST (At operating loss should be entered as a negative number: Marwick's Plans Telcome Statement For the Month of August Ses Cost goods sold Gross more Deling and administrative Big expenses Avering Sales and consis Depreciation of electes De opens Anies Ees Deproffice mere Clerval Total penet Tinating and responses Neringosta Required 2 > Marwick's Planos, Inc. purchases planos from a large manufacturer for an average cost of $1463 per unit and then sells them to retail customers for an average price of $3.000 each The company's selling and administrative costs for a typical month are presented below Cos Formula Ceat Salling Mersin Salewale and commision Delivery of plans to custom LLLLLLLS Operation of malet filities distrative Tecutive salarien TCG clerical Depreciation of office equipment I month 14.290 per month, ples of als pe piano sold 1619 per month 35,059 per month #13,544 per month 1710 per month 13.519 per month, plus per piano sold 1935 per month During August, Marwick's Planos, Inc, sold and delivered 60 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 fotel and a per unit boss down through contribution margin Complete this question by entering your answers in the tabs below. Required 2 Prepare a contribution format income statement for August Show costs and revenues on both a total and a per una basis down through contribution margin. Net operating should be entered as a negative number.) Marwick's Planes, he Contribution Fermat Income Statement For the Month August Pet Plane 15 Variable expenses Clarion Sales and commissions Deyes Gosto de sold Torben Combong Fide Advertising Depreciation of sales face routes Insurance Deprecation office pent Cle Toled expenses Non income