am 1 Chapter 1, 2, 3,46 Help Save & Esit Subm Fanell Corporation, a merchandising company, reported the following results for July 15 413 50 125,600 eold Total fixed adninistrative 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 Complete this question by entering your answers in the tabs below Required A Required B Prepare a traditional format income statement for July Fanelli Corporation For the month of July FEB 1 19