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 5,700 $ 600 $ 409 $ $125,200 $ 20 $207,100 64 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 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 Fixed expenses 0 0 0 $ (Required A Required Required a Required B Prepare a traditional format income statement for July. Fanelli Corporation For the month of July Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense 0 Administrative expense Net operating income 0 0 (Required a Required B >