Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. 5,800 $ 590 $ 410 $ 66 $ 125,300 $ 22 $207,200 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. Sales Cost of goods sold Gross margin Fanelli Corporation For the month of July Traditional Income Statement Selling and administrative expenses Administrative expense Selling expense Roun Required B > Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense 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. $ 125,300 $ 22 $ 207,200 Required A Required B Prepare a contribution format income statement for July. Variable expenses Fanelli Corporation For the month of July Contribution Format Income Statement Fixed expenses < Required A 10 0 S 0