Check my work 9 Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 23,000 units, and 3,500 units remain in ending finished goods inventory for May. Fixed overhead was $59,800. Variable selling and administration expenses were $45,000 and fixed selling and administrative expenses were $25,200. 3 points Sales (19,500 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 507,000 408,000 99,000 70,200 $ 28,800 eBook Prepare an income statement using variable costing. Print References $ 507,000 DION COMPANY Income Statement (Variable Costing) Sales Less: Variable expenses Variable cost of goods sold Variable selling and administrative expenses 45,000 45,000 Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative expenses 59,800 25,200 85,000 Income