Problem 1-21 (Algo) Traditional and Contrlbution Format Income Statements [LO1-6] Marwck's Planos, Incorporated, purchases planos from a manufacturer for an average cost of \$1,491 per unlt and then sells them to retall customers for an average price of $3,300 each. The company's selling and administratlve costs for a typical month are presented below. Durlng August, Marwick's Planos, Incorporated, sold and dellvered 56 planos. Required: 1. Prepare a traditional format Income statement for August. 2. Prepare a contrlbution 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. Prepare a traditional format income statement for August. Note: A "Net operating loss" should be entered as a negative number. Required: 1. Prepare a traditional format Income statement for August. 2. Prepare a contrlbution 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. 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