Cool Ride Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: (Click the icon to view the data.) The selling price per vehicle is $26,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements Requirement 1. Prepare April and May 2017 income statements for Cool Ride Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income statements for Cool Ride Motors under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a "0" for any zero balance accounts.) April 2017 May 2017 Requirements 1. Prepare April and Mav 2017 income statements for Cool Ride Motors under (a) variable costing Requirements Orption costing. 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing. Data table April May Unit data: 0 100 Beginning inventory Production 500 400 Sales 400 480 Variable costs: $ 9,000 $ 9,000 Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: 3,600 3,600 Manufacturing costs $ 2,200,000 $ 2,200,000 Operating (marketing) costs 750,000 750,000