Income statement and contribution format income statement for July

Qu. 1-296 (Algo) Fanelli Corporation, a merchandis Fanelli Corporation, a merchandising company, reported the following results for Number of units sold 6, 500 Selling price per unit $ 610 Unit cost of goods sold $ 417 Variable selling expense per unit $ 58 Total fixed selling expense $ 126,000 Variable administrative expense per unit $ 26 Total fixed administrative expense $ 207, 900 Cost of goods sold is a varia 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 contribution format income statement for July. Fanelli Corporation For the month of July Contribution Format Income Statement ariable expenses