1. Variable Costing Income Statement

On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:

Joplin Company Absorption Costing Income Statement For the Month Ended April 30
Sales (6,400 units)			$198,400
Cost of goods sold:
Cost of goods manufactured (7,500 units)	$165,000
Inventory, April 30 (1,100 units)	(24,200)
Total cost of goods sold			(140,800)
Gross profit			$57,600
Selling and administrative expenses			(33,520)
Operating income			$24,080

If the fixed manufacturing costs were $37,950 and the fixed selling and administrative expenses were $16,420, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.