Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: (Click to view the data.) The selling price per unit is $3,400. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,300 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 income statements for Crystal Clear in January, February, and March 2020 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for Crystal Clear in January, February, and March of 2020 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "0" for any zero balance accounts.) January 2020 February 2020 March 2020 II NI III Data Table January February March Unit data: 0 150 150 1,275 1,400 1,300 1,150 1,275 1,405 600 $ $ 600 600 $ Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 675 $ 675 675 $ $ 533,000 $ $ 170,000 $ 533,000 $ 170,000 $ 533,000 170,000 X Requirements 1. Prepare income statements for Crystal Clear in January, February, and March 2020 under (a) variable costing and (b) absorption costing. 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing