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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 $959 per month $4,814 per month, plus 5% of $61 per piano sold $643 per month $4,907 per month $13,561 per month $719 per month $2,526 per month, plus $40 pe $936 per month During August, Marwick's Pianos, Inc., sold and delivered 63 pianos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and reven through contribution margin. Answer is not complete. 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 down through contribution margin. (A "Net operating loss" should be entered as a negative Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Total Sales Per Piano 2,600 $ 163,800 $ 94,248 Variable expenses Cost of goods sold Sales salaries and commissions Delivery of pianos Clerical 1,496 8,190 130 3,843 61 2,520 40 search o a