Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 20,600 units, and 2,300 units remain in ending finished goods inventory for May. Fixed overhead was $72,100. Variable selling and administration expenses were $33,000 and fixed selling and administrative expenses were $13,900. Sales (18,300 units) Cost of goods sold Gross profit Selling and administrative expenses Income $ 366,000 296,000 70,000 46,900 $ 23,100 Prepare an income statement using variable costing. DION COMPANY Income Statement (Variable Costing) 0 0