Anatolian Shephard Manufacturing Company has provided the following financial data for its most recent month. Unit Selling Price $40 Units in beginning inventory O Units produced 20,000 Units sold 15,000 Variable costs per unit: Direct materials $18 Direct labor $10 Manufacturing overhead $2 Manufacturing overhead $2 Selling and administrative costs $1.75 Fixed costs: Manufacturing overhead per unit based on current production $3 Selling and administrative costs $13,000 1. Prepare an income statement using an absorption costing format 2. Prepare an income statement using a variable costing format