Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 5 11 3 2 $ 21 $ 72,000 169,000 $ 241,000 The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 18,000 18,000 July August Units Sold 14,000 22,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July August sales $ 700,000 $1,100,000 Cost of goods sold 322,000 506,000 Gross margin 378,000 594,000 Selling and administrative expenses 197,000 213,000 Net operating income $ 181,000 381,000 $ Required: complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare variable costing income statements for July and August. Denton Company Variable Costing Income Statement July August 0 0 0 0 0 0 Net operating income (loss) $ 0 $ 0