Problem 1-21 (Algo) Traditional and Contribution Format Income Statements [LO1-6] Marwick's Planos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,504 per unit and then sells them to retall customers for an average price of $3,400 each. The company's selling and administrative costs for a typical month are presented below: Dunng August, Marwick's Planos, Incorporated, sold and delivered 57 planos. Required: 1. Prepare a traditional format income statement for August. 2 Prepare a contribution format income stotement 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. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit bas down through contribution margin. (A "Net operating loss" should be entered as a negative number.) During August, Marwick's Planos, Incorporated, sold and dellvered 57 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. Complete this question by entering your answers in the tabs below. Prepare a traditional format income statement for August. (A "Net operating loss" should be pntered as a negative number)