_02 WD ING P7-2A. Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailor- ing services. After the company's first year of operations, its owner prepared the following summa- rized data report for 2019: $100,000 Sales (500 completed jobs) Tailoring costs (550 jobs): 47,000 Direct labor... Manufacturing overhead: Variable Fixed Operating expenses: Variable Fixed. 12,000 9,000 . 5,600 5,800 Required 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 $.) 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? Deter- mine the apparent profit or loss on the special order based solely on these data. c