Fanelli Corporation, a merchandising company, reported the following results for July

Number of units sold

Selling price poods sold

Unit cost

Total fixed selling expense

Variable administrative expense per unit

Total fixed administrative expense

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

$6,900$

$ $620$

$$421$

$$55$

$12\mathrm{.}32\mathrm{.}03$

Cost of goor

$ $126,400$

$$208,360$

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

Traditional Income Statement