Bedford Company reports the following information for June: (Click the icon to view the amounts.) Calculate the gross profit and operating income for June using absorption costing. Begin by selecting the labels and entering the amounts to compute the contribution margin. Then, select the labels and enter the amounts to compute the operating income. Absorption Costing Gross Profit Operating Income Data Table - X Data table Net Sales Revenue $ 720,000 205,000 175,000 Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 152,000 77,000 Print Done