Fanelli Corporation, 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.