$(20$ pts$)$ A British company had the following data $($in millions$)$ for $2022$

Beginning and ending inventory

None

Sales

$$1000$

Direct materials used

$375$

Direct labor

$195$

Indirect manufacturing costs:

Variable

$120$

Fixed

$50$

Variable Manufacturing cost of goods sold

Manufacturing cost of goods sold

Selling and Administrative expenses

Variable

$95$

Fixed

$90$

Gross profit

Contribution margin

Prepare an income statement using $($and as you do it$,$ fill in the blanks where applicable$)$:

a$)$ the contribution approach

b$)$ the absorption approach