Prepare a traditional format income statement for August. Note: A "Net operating loss" should be entered as a negative number. Marwick's Pianos, Incorporated, purchases planos from a manufacturer for an average cost of $1,502 per unit and then selis them to retail customers for an average price of $3,400 each. The company's selling and administrative costs for a typical month are presentec below: 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