Cambridge Company reports the following information for June Click the leon 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 Next hcome for June using absorption costing. - X Data table Net Sales Revenue $ 740,000 Variable Cost of Goods Sold 225,000 Fixed Cost of Goods Sold 194,000 172,000 Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 77,000 Print Done