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

Number of units sold		5,700
Selling price per unit	$	600
Unit cost of goods sold	$	409
Variable selling expense per unit	$	64
Total fixed selling expense	$	125,200
Variable administrative expense per unit	$	20
Total fixed administrative expense	$	207,100

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.

Fanelli Corporation For the month of July Traditional Income Statement 0 Selling and administrative expenses: 0 $ 0 ran till vipuiaLIVIT For the month of July Contribution Format Income Statement Variable expenses: 0 0 Fixed expenses: 0 $ 0