Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods Inventory. Dion produced 23,200 units, and 3,600 units remain in ending finished goods inventory for May. Fixed overhead was $69,600. Variable selling and administration expenses were $46,000 and fixed selling and administrative expenses were $25,400. Sales (19,600 units) $ 588,000 Cost of goods sold 490, 900 Gross profit 98,000 Selling and administrative expenses 71, 400 Income $ 26,600 Prepare an Income statement using variable costing. DION COMPANY Income Statement (Variable Costing) 0 0