Dion Company reports the absorption costing Income statement below for May. The company began the month with no finished goods Inventory. Dion produced 22,400 units, and 3,200 units remain in ending finished goods inventory for May. Fixed overhead was $56,000. Variable selling and administration expenses were $42,000 and fixed selling and administrative expenses were $22,000. Sales (19,200 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 480,000 388,888 92, eee 64, eee $ 28,00 Prepare an income statement using variable costing. Answer is not complete. DION COMPANY Income Statement (Variable Costing) Sales Plus: Variable expenses Variable cost of goods sold Variable selling and administrative expenses 64,000 Variable cost of goods sold Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative expenses Fixed overhead Income 64,000 0