During the fist month of operations ended March 31, iceBox Fridgeration Company manctactured 46,000 mini refigerators, of which 42,000 were sola. Operating data for ine month are surnmarized as followe: Required: 1. Prepare an incame atatement based on the absorpton costing concept 2. Piepare an income statement based on the varisbib costing concept. 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2). 1. Prepare an income statement based on the absorption 'costing concept. Income Statement Instructions