Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Retum te quier 4 Whitman Company has just completed its first year of operations. The company absorption costing Income statement for the year 10 witan Conny Income Statement Sales (35,000 units - 125 per unit) Cest of sold (35,000 units. 516 per unit) S60,00 Cross rain 145.00 Selling and administrative expenses et operating Incom $35.00 The company's seling and administrative expenses consist of $210,000 per year in fed expenses and $2 per unit sold in variable expenses. The $16 unit product cost given above is computed as follows Direct materiais Direct later Vencturing overhead dancturing overhead ($30,00 + 40.00) Absorption costing unit product cost 116 Required 1. Redo the company's income statement in the contribution format using variable costing 2. Reconcle any difference between the net operating income on your vie costing income statement and the net operating income of the absorption costing income statement above Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below Return to question 4 1. Redo the company's income statement in the contribution format using variable costing 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating Income on the absorption costing income statement above. 10 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Howell noured Redo the company's income statement in the contribution format using variable costing whian company Variable Casting costat Soes 875.000 Variable Bering the 3 100.000 Ending and cry 0.0001 4300D Como 455.000 Fle "Padancing S160.000 200.000 OOOOO OOO 0 000 185.000