Amex Company, which has woolen scarves to produce, has provided the following data concerning its most recent month of operations: Selling price TK. 100 Units in beginning inventory 200 Units produced 3,800 Units sold 3,600 Units in ending inventory 400 Variable costs per unit: Direct materials TK.38 Direct labor TK.21 Variable manufacturing overhead TK.5 Variable selling and administrative TK.6 Fixed costs: Fixed manufacturing overhead TK.1,60,000 Fixed selling and administrative TK.1,25,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: c) Prepare an income statement for the month using the contribution format and the variable costing method. d) Prepare an income statement for the month using the absorption costing method.