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

Number of units sold 5,800

Selling price per unit $ 590

Unit cost of goods sold $ 410

Variable selling expense per unit $ 66

Total fixed selling expense $ 125,300

Variable administrative expense per unit $ 22

Total fixed administrative expense $ 207,200

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.