Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,250 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to coat of goods sold in the month in which occurs. Requirements Requirement 1. Prepare income statements for Amazing Screen in January, February, and March 2020 under (a) variable costing and (b) absorption costing. (a). Prepare Income statements for Amazing Screen In January, February, and March of 2020 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "O" for any zero balance accounts.) January 2020 February 2020 March 2020 1. Prepare income statements for Amazing Screen in January, February, and March 2020 under (8) variable costing and (b) absorption costing. 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing. Data tabie Print Done January February March Unit data Beginning inventory Production Sales 0 150 150 1,250 1,225 1.300 1,100 1,225 1.325 Variable costs: Manufacturing cost per unit produced $ 650 $ 650 $ 650 Operating (marketing) cost per unit sold $ 575 $ 575 $ 575 Fixed costs: Manufacturing costs $ Operating (marketing) costs $ 460.000 $ 460,000 $ 180.000 $ 180,000 $ 460,000 180.000 Print Done