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 6, 800 S 610 S420 64 $126,300 $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 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional format income statement for July. For the month of July Traditional Income Statement Selling and administrative expenses: Required B> anelli 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 units Total fixed selling expense variable administrative expense per unit Total fixed administrative expense 6,800 s 610 ts420 64 $126,300 $ 32 $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. Complete this question by entering your answers in the tabs belovw Required Required Prepare a contribution format income statement for July. an For the month of July Contribution Format Income Statement Variable expenses 0 Fixed expenses Required A RequiredB