During the fint monsh of operations ended August 31, Kodik Fridgerntion Company manutactured 46,000 mink rotrigeratons, of which 40 . 000 were sold. Operating data for the month aro summartrod as folows: Requlred: 1. Prepare an income statemont based on the absorption costing concept." 2. Propare an income statement based on the variable costing concept." 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2). - Be sure to complete the statement heading. Hefer to the list of Labels and Amount Descriptions provided for the exact wording of the answer chalces for text entries. A colon (I will automatically appear if it is required. Enter amounts as positive numbers uniess the amount is a calculation that resilts in a negative amount. For example: Net loss should be negative. August 31 Cost of goods sold Fixed costs For the Month Ended August 31 Variable cost of goods sold Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Variable cost of goods sold Amount Descriptlons Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Operating income Inventory, August 31 Loss from operations Manufacturina margin Labels and Amount Descriptions Du Luss illili upoialiuns Manufacturing margin Planned contribution margin Sales Sales mix Selling and administrative expenses Total cost of goods sold Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable selling and administrative expenses