Jensen's Tailoring provides custom tailoring services. After the company's first year of operations, its owner prepared the following summarized data report for 2019:

Required

a. Prepare an income statement based on full absorption costing. (Round ending inventory to the nearest \($.)\) 

b. Prepare an income statement based on variable costing. (Round ending inventory to the nearest \($.)\)

c. Assume that you must decide quickly whether to accept a special one-time order to alter 50 band costumes for \($125\) per costume. Which income statement presents the most relevant data? Determine the apparent profit or loss on the special order based solely on these data.

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Sales (500 completed jobs) $100,000 Tailoring costs (550 jobs): Direct labor.... Manufacturing overhead: Variable Fixed. Operating expenses: Variable Fixed.. 47,000 12,000 9,000 5,600 5,800