Complete thle quantion by entering your nnwwern in the faba below. Redo the company's income statement in the contribution format using variable costing. Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: The compary's selling and administrative expenses consist of $300,000 per year in fibed expenses and $4 per unit sold in variable expenses. The $22 unit product cost given above is computed as follows 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 varibble costing income statement and the net operating ncome on the absorption costing income statement above. Complete this question by entering slow. Redo the company's income statement in the contribution format using variable costing. Complete thin quastion by entering your answern in the tabs below. Reconcile any difference between the net operating income on your variabie costing income statement and the net operating income on the absorption costing income statement above. (Enter any losses or deductions as a negative value.)