Check my work Whitman Company has just completed its first year of operations The company's absorpton costing income statement for the year follows whitman Conpay tecone Statement Salas (41,000 units s4s.10 per unit) Cost of goods sald (41,000 units $2 per unit) Gross argin Selling and adinistrative expenses $1,49,100 1,00 8,100 471-500 et aperating Lncone S16,600 The company's selling and administrative expenses consist of $307500 per year in fixed expenses and $4 per unt sold in variable expenses The $21 unit product cost given above is computed as follows Direct aterials Direct labor Varlable manufacturing overheal Pied manufacturing uverhead (1212,00e,00 units) Absorption costing unit product cost 121 Required: 1 Redo the company's income statement in the contribution format using variable costing. 2. Reconcile any ditierence between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above Complete this question by entering your answers in the tabs below. Required 1 Reguired 2 Redo the company's income statement in the contribution format using varlable costing Check my werk 2 Reconcile any difference between the net operating income on your varnable costing income statement and the net operating income on the absorption costing income statement above Complete this question by entering your answers in the tabs below. Required 1 Reguired 2 Redo the company's incume statement in the contribution format using variable costing. Whitman Company Variable Costing come Statement Required?> the company S selling and administrative expenses consist of $307500 per year in fixed expenses and $4 per unit sold in variable expenses. The $21 unit product cost given above is computed as follows Direct saterials Direct labon Variable manufacturing overhead Fied nanufacturing overhead (SZ12,0003.000 units) Absorption costing unit product cost Required: 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 vanable costing income statement and the net operating income on the absorption costing income statement above Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption conting income statement above. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Conting Net Operating lecomes Variable costing net operating income Absorption costing nat operating income < Required 1