QUESTION 2 Question two (6 points) Marwick's Pianos, Ine. purchases pinos from a large manufacturer and sells them at the retail level. The pianos cost, on the average, 52,400 euch from the manufacturer. Marwick Pianos, Inc., tells the planes to its customers at an average price of 53,000 each. The selling and administrative costs that the company incurs in a typical month are presented below Casts Cow Formula Selling Advertising 5700 per month Sales salaries and commissions 5950 per month, plus 8% of sales Delivery of plans to customers $30 per piano sold Utilities ... $350 per month Depreciation of sales facilities..... $800 per month Administrative: Executive salaries $2,500 per month Insurance 5400 per month Clerical $1.000 per month, plus S20 per piano sold Depreciation of office equipment $300 per month During August, Marwick's Pianos, Ine, sold and delivered 40 pianos Required: Trepare an income statement for Marwick's Pianos, Inc., for August. Use the contribution format, with costs organized by behavior Marwick's P, Inc Contribution Format Income Sulement For the Month of August