Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold 5,100 $ 590 $ 403 $ 52 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. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July. $ 124,600 $ 22 $ 206,500 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution format income statement for July. Fanelli Corporation For the month of July Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Administrative expense $ 2,055,300 377,600 546,300 2,432,700 $ 3,009,000 5,411,900 (2 402 900)