mework ved Help Save & Marwick's Pianos, Inc., purchases planos from a large manufacturer for an average cost of $2.450 per unit and then sells them to retall customers for an average price of $3,125 each. The company's selling and administrative costs for a typical month are presented below: Cont Yormala Conta Selling: Advertising Balon salaries and commissions Delivery of planos to customers Utilities Depreciation of sales facilities Administrative Executive salaries Insurance clerical $700 per month $950 per month, plus 8t of sales $30 per piano sold $350 per month $800 per month $2,500 per month $400 per month $1,000 per month, plue $20 per piano mold $300 per month Depreciation of office equipment During August, Marwick's Planos, Inc., sold and delivered 40 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 Required 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. Marwick's Planos, Inc. Contribution Format Income Statement For the Month of August Total Por Plano Homework Saved Marwick Planos Ine Contribution Format Income Statement For the Month of August Total Par Plano Variable expenses: 0 Total variable expenses Contribution margin Fixed expenses: Total fixed expenses 0 Required 1 Prev 3 of 4 Nex: Required 1 DODOX Required 2 Prepare a traditional format Income statement for August. Marwick Planos, Inc. Traditional Income Statement For the Month of August Selling and administrative expenses: Selling expenses: Total seling expenses Administrative expenses: 0 Total administrative expenses Total selling and administrative expenses 0 0