solve required A and solve required B

TB Problem Qu. 1-296 (Algo) Fanelli Corporation, a merchandising... Fanelli Corporation, a merchandising company, reported the following results for July: 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. Complete this question by entering your answers in the tabs below. Prepare a traditional format income statement for July. Prepare a contribution format income statement for July