Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 20,200 units, and 2,100 units remain in ending finished goods inventory for May. Fixed overhead was $50,500. Variable selling and administration expenses were $31,000 and fixed selling and administrative expenses were $10,500. Sales (18,100 units) $ 362,000 Cost of goods sold 297,000 Gross profit 65,000 Selling and administrative expenses 41,500 Income $ 23,500 Prepare an income statement using variable costing.