Daniels Traines trains for children with a sing of $25 per you are given the towing information about the manufacturing costs for each it Direct materials per 5 Direct labore 33 Variable overhead pert 52 Variable selling costs per $2 Find selling costs in total 550.000 Fred overhead costs on 575.000 50.000 ts were produced this year, and 40.000 ts were sold Part 1: Using the information above prepare a direct or contribution margin income statement tround to the nearest whole dollar, with no decimal places) Sales Less: Variable costs Contribution Mar Les Feeds Feed overhead Operating income Part 2: Using the information above, prepare an absorption for GAAP) income statement tround the the nearest whole dollar with no decimal places) Sales Less: Cost of Goods Sold Gross Prote Lese: Variable Selling Fixed Selling Operating income