During the first month of operations ended July 31, YoSan Inc. manufactured 10,500 fist panel televisions, of which 9,800 were sold. Operating data for the month are - wummaniad at followe: 1. Prepare an income statement based on the absorptisn costing concept. 3. Dvensta 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). The ogerating income reperted under costing exceeds the eperating income reperted under manufacturing costs that are deferred to a future month under conting