A business operated at 100% capacity during its first month of operations, with the following results: Sales (90 units) $90,000 Production costs (100 units) $40,000 20,000 2,000 7,000 Direct materials Direct labor Variable factory overhead Fixed factory overhead Total manufacturing costs 69,000 Operating expenses Variable Variable operating expenses Fixed operating expenses $ 8,000 Total operating expenses 9,000 Use this information to complete a variable costing income statement