Bedford Company reports the following information for June: E: (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 Data table Net Sales Revenue 765,000 Gross Profit 235,000 180,000 Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 166,000 69,000 Operating Income