Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 6,000 Selling price per unit $ 610 Unit cost of goods sold $ 412 Variable selling expense per unit $ 70 Total fixed selling expense $ 125,500 Variable administrative expense per unit $ 26 Total fixed administrative expense $ 207,400 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.