During the first month of operations ended July 31, YoSan Inc. manufactured 10,800 flat panel televisions, of which 9,900 were sold. Operating data for the month are summarized as follows: Instructions 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. Show your calculations for the ending inventory number. During the first month of operations ended July 31, YoSan Inc. manufactured 10,800 flat panel televisions, of which 9,900 were sold. Operating data for the month are summarized as follows: Instructions 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. Show your calculations for the ending inventory number