Exercise 6-12 (Algo) Varlable Costing Income Statement; Reconcillation [LO6-2, LO6-3] Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the yea follows: The company's selling and administrative expenses consist of $292.500 per year in fixed expenses and 53 per unit soid in varlable expenses. The $22 unit product cost given above is computed as follows: Required: 1. Redo the company's income statement in the contribution format using variable coring 2. Reconclie any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statememt above. Complete this question by entering your answers in the tabs below. Riedo the company's income statement in the contribution format using variable costing