Marwick's Pianos, Inc., purchases planos from a large manufacturer for an average cost of $1,495 per unit and then sells them to retail customers for an average price of $3,300 each. The company's selling and administrative costs for a typical month are presented below: Cost Formula Conta Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrativet Executive salaries Insurance Clerical Depreciation of office equipment $938 per month $4,779 per month, plus 64 of salen $59 per piano sold $663 per month $4,976 per month $13, 425 per month $695 per month $2,499 per month, plus $42 per piano sold $867 per month During August, Marwick's Planos, Inc., sold and delivered 58 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. Required 1 Required 2 Prepare a traditional format Income statement for August. (A "Net operating loss should be entered as a negative number.) +1:Cost Concepts 0 Saved Marwick's Planos, Inc. Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses: Total selling expenses Administrative expenses: 0 Total administrative expenses Total selling and administrative expenses 0 0 1:Cost Concepts Saved For the Month of August Total Per Plano Variable expenses: 0 Total variable expenses Contribution margin Fixed expenses: Total fixed expenses 0