Compute the following amounts that would be shown on these income statements: Requirement 1. Gross Profit Data table Identify the formula, then compute the gross profit. =Grossprofit= Requirement 2. Contribution Margin Identify the formula, then compute the contribution margin. Requirement 3 . Total expenses shown below the gross profit line = Total expenses below the gross profit line Requirement 4. Total expenses shown below the contribution margin line Requirements = Total expenses below the contribution margin line Requirement 5. Dollar value of ending inventory under absorption costing The dollar value of ending inventory under absorption costing is Requirement 6 . Dollar value of ending inventory under variable costing The dollar value of ending inventory under variable costing is Compute the following amounts that would be shown on these income statements: 1. Gross Profit 2. Contribution Margin 3. Total expenses shown below the gross profit line 4. Total expenses shown below the contribution margin line 5. Dollar value of ending inventory under absorption costing 6. Dollar value of ending inventory under variable costing 7. Which income statement will have a higher operating income? By how much? Explain