roblem 1-21 Traditional and Contribution Format Income Statements [L016] arwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,509 per unit and then sells them to ret ustomers for an average price of $3,000 each. The company's selling and administrative costs for a typical month are presented pelow: Costs Selling Cost Formula Advertising Sales salaries and commissions $963 per month $4,795 per month, plus 3t of sales $61 per piano sold $657 per month $5,023 per month Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: $13,563 per month 718 per month $2,499 per month, plus $41 per piano sold $866 per month Executive salaries Insurance Clerical Depreciation of office equipnent During August, Marwick's Pianos, Inc.,sold and delivered 63 pianos. Required: 1. Prepare a traditional format income statement for August 2, Prepare through contribution margin. a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down Complete this question by entering your answers in the tabs Renuired 1 Renuired2