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 $ 26 Total fixed administrative expense $ 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 0 Selling and administrative expenses: Required A Required B Prepare a contribution format Income statement for July, Fanelli Corporation For the month of July Contribution Format Income Statement Variable expenses 0 0 Fixed expenses 0 0 $