During the first month of operations ended May 31. Big sky Creations Company produced 56,000 designer cowboy boots, of which 52,450 were sold. Operating data for the month are summariced as sionsi Durng June, Bg Sky Greations produced 48,000 deserner conboy boots and sold 52.450 conboy boots. Operating data for June are summarized as follons: 1a. Using the absorption costing concept, prepare income statements for May. 1b. Using the absorption costing concept, prepare income statements for June. Income Statement Instructions 2a. Using the variable costing concept, prepare income statements for May. 2b. Using the variable costing concept, prepare income statements for June. 3s. Explain the reason for the dilerences in operafing income in (t) and (2) for May. For May, Operating income reponted under costing due to part of manufacturing costs that are exponsod on the costing income statement, but not on the costing income statement. 36. Explain the reason for the dilerences in eperating income in (1) and (2) for June. For June, Operating inceme reperted vnder costing is less than that reported under costing due to part of maniacturing costs from May that are expensed on the costing income statement, but not on the costing income statement. During June, Big Sky Creations produced 48,900 designer cowboy boots and sold 52,450 cowboy boots. Operating data for June are summarized as follows