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

Number of units sold $6,800$

Selling price per unit $ $610$

Unit cost of goods sold $ $420$

Variable selling expense per unit $ $64$

Total fixed selling expense $ $126,300$

Variable administrative expense per unit $ $32$

Total fixed administrative expense $ $208,200$

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.