creating an ending inventary of 16,000 units. During february, the campany produced 195,000 unts during the montri but sold 211,000 units at $540 per unit. The february manuthctunipg fest and seling and adminustratve experises were as follows: a. Prepare an income statement according to the absorption costing concept for the month ending February 28. Fresno Industries Inc. Absorption costing Income Statement For the Month Ended February 28 b. Prepare an income statement according to the variable costing concept for the month ending February 28. Fresno Industries Inc. Variable Costing Income Statement For the Month Ended February 28 Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses v Contribution marqin Fixed costs: Fixed manufacturing costs v Fixed selling and administrative expenses Totalfixedcosts Operating income