Scottsdale Fine Piano%u2019s purchases pianos from a well-known manufacturer

Scottsdale Fine Piano%u2019s purchases pianos from a well-known manufacturer and sells them through their retail store. The
Baby Grand Pianos sell on average for $2500 each. The average cost of a piano from the manufacturer is $1500. The costs that the Company incurs in a
typical month are presented below.

Selling Costs:

Advertising $ 950 Per Month

Delivery of Pianos $ 60 Per Piano Sold

Sales Salaries and Commissions $ 4800 Per Month plus 4% of Sales

Utilities $ 650 Per Month

Depreciation on Sales Facilities $ 5000 Per Month

Administrative Costs:

Executive Salaries $13500 Per Month

Depreciation of Office Equipment $ 900 Per Month

Clerical $ 2500 Per Month plus $40 Piano Sold

Insurance $ 700 Per Month

During August the Company sold and delivered 60 pianos

prepare traditional income statement

prepare a conttibuted income statement