Data table Moffett Company reports the following information for March: (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Moffett Company Income Statement (Absorption Costing) For the Month Ended March 31 Operating Income Net Sales Revenue $ 77,980 Variable Cost of Goods Sold 19,300 Fixed Cost of Goods Sold 12,800 Variable Selling and Administrative Costs 12,250 Fixed Selling and Administrative Costs 6,200 Requirements 1. Calculate the gross profit and operating income for March using absorption costing. 2. Calculate the contribution margin and operating income for March using variable costing.