Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 6,500 Selling price per unit 610 Unit cost of goods sold $ 417 Variable selling expense per unit $ 58 Total fixed selling expense $126,000 Variable administrative expense per unit Total fixed administrative expense $ 26 $207,900 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. Required A Required B Prepare a traditional format income statement for July. Fanelli Corporation For the month of July Traditional Income Statement Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 6,500 Selling price per unit 610 Unit cost of goods sold $ 417 Variable selling expense per unit $ 58 Total fixed selling expense $126,000 Variable administrative expense per unit Total fixed administrative expense $ 26 $207,900 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. Required A Required B Prepare a traditional format income statement for July. Fanelli Corporation For the month of July Traditional Income Statement