st Formu Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers utilities Depreciation of sales facilities $936 per month $4,819 per month, plus 4% of sales $58 per piano sold $630 per month $5,002 per month Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $13,410 per month $685 per month $2,460 per month, plus $36 per piano sold $936 per month During August, Marwick's Pianos, Inc., sold and delivered 61 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 basis down through contribution margin. Complete this question by entering your answers in the tabs below st Formu Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers utilities Depreciation of sales facilities $936 per month $4,819 per month, plus 4% of sales $58 per piano sold $630 per month $5,002 per month Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $13,410 per month $685 per month $2,460 per month, plus $36 per piano sold $936 per month During August, Marwick's Pianos, Inc., sold and delivered 61 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 basis down through contribution margin. Complete this question by entering your answers in the tabs below