Exercise 6-2 Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO2] [The following information applies to the questions displayed below] Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use or the city's crowded streets that it sells for 940 rupees. (Indian currency is denominated in rupees, denoted by .) Selected data for the company's operations last year follow The absorption costing income statement prepare by the company's accountant for last year appears belowRequired: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. (Omit the sign in your response] Total fixed manufacturing overhead in ending inventory Prepare an income statement for the year using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit it thesign in your response.)