a merchandising company, reported the following results for July:

Number of units sold		6,100
Selling price per unit	$	590
Unit cost of goods sold	$	413
Variable selling expense per unit	$	50
Total fixed selling expense	$	125,600
Variable administrative expense per unit	$	28
Total fixed administrative expense	$	207,500

Cost of goods sold is a variable cost in this company.

Required:

a. Prepare a traditional format income statement for July.

b. Prepare a contribution format income statement for July.