Following the information of ALI Manufacturing Company: Number of units sold 6,000 Selling price per unit $ 250 Unit cost of goods sold $ 140 Variable selling expense per unit $ 30 Total fixed selling expense $ 60,000 Variable administrative expense per unit $ 11 Total fixed administrative expense $ 40,000 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