Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc, manufactured 11,600 flat panel teievisions, of which 10,800 were sold, Operatang data far the month are summariced as follows? 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the variable costing concept