ok t nces Saved Help Save & Exit Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,481 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 $932 per month $4,825 per month, plus 3 of sales $59 per piano sold $649 per month $5.055 per month $13,406 per month, $719 per month $2,453 per month, plus $39 per piano sold $942 per month During August, Marwick's Pianos, Inc., sold and delivered 59 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.) Prev 1 of 4 Next > ctice Problems Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total selling and administrative expenses Saved < Prev 1 of 4 ce Problems i Variable expenses: + Total variable expenses Contribution margin Fixed expenses: Total fixed expenses Total Per Piano < Prev 1 of 4 HH Saved