During $2022,$ Bonita Corp. produced $53,200$ units and sold $47,880$ for $$17\mathrm{.}00$ per unit. Variable manufacturing costs were $$7\mathrm{.}00$ per

unit. Annual fixed manufacturing overhead was $$143,640.$ Variable selling and administrative costs were $$3\mathrm{.}00$ per unit sold, and fixed

selling and administrative expenses were $$18,900.$

$($b$)$

Your answer is partially correct.

Reconcile the difference between the net income under variable costing and the net income under absorption costing. That is$,$

show a calculation that explains what causes the difference in net income between the two approaches.

Variable costing operating income

$

Fixed manufacturing overhead costs deferred in ending inventory

Absorption costing operating income. Please solve the reconciliation statement