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

Number of units sold		6,200
Selling price per unit	$	600
Unit cost of goods sold	$	414
Variable selling expense per unit	$	52
Total fixed selling expense	$	125,700
Variable administrative expense per unit	$	30
Total fixed administrative expense	$	207,600

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.