Saved ework Check my worlu Marwick's Planos, Inc., purchases pianos from a large manufacturer for an average cost of $1,494 per unit and then se them to retail customers for an average price of $2,100 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative Executive salaries Insurance clerical Depreciation of office equipment Cost Formula $952 per month $4,809 per month, plus 46 of sales $57 per piano sold $641 per month $5,058 per month $13,426 per month $688 per month $2,505 per month, plus $42 per piano sold $914 per month During August, Marwick's Planos, Inc., sold and delivered 64 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 total and a per uni- basis down through contribution margin Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August