W ences Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,518 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: 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 $962 per month $4,813 per month, plus 5% of sales $58 per plano sold i $641 per month $4,903 per month $13,485 per month $704 per month $2,513 per month, plus $41 per piano sold $853 per month During August, Marwick's Pianos, Incorporated, sold and delivered 56 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 unit basis down through contribution margin. Complete this question by entering your answers in the tabs below. Mc Graw Required 1 Required 2 < Prev 3 of 3 Score answer > Check my work