For the tables I just need the red parts please

Income statements under absorption costing and variable costing The demand for solvent, one of numerous products manufactured by Logan Industries Inc., hasdropped sharply because of recent competition from a similar product. The company's chemistsare currently completing tests of various new formulas, and it is anticipated that the manufactureof a superior product can be started on November 1, one month in the future. No changes willbe needed in the present production facilities to manufacture the new product because only themixture of the various materials will be changed. The controller has been asked by the president of the company for advice on whether to continue production during October or to suspend the manufacture of solvent until November 1. The following data have been assembled: Logan Industries Inc. Income Statement-Solvent For the Month Ended September 30 Sales (10,000 units) Cost of goods sold Gross profit Selling and administrative expenses Operating loss $800,000 (770,000) $ 30,000 (100,000) $ (70,000) The production costs and selling and administrative expenses, based on production of 10,000 units in September, are as follows: Direct materials $35 per unit Direct labor 24 per unit Variable manufacturing cost 8 per unit Variable selling and administrative expenses 6 per unit Fixed manufacturing cost $100,000 for September Fixed selling and administrative expenses 40,000 for September Sales for October are expected to drop about 40% below those of September. No significant changes are anticipated in the fixed costs or variable costs per unit. No extra costs will be incurred in discontinuing operations in the portion of the plant associated with solvent. The inventory of solvent at the beginning and end of October is not expected to be significant (material). Absorption Costing Income Statement automatically appear if it is required Enter amounts as positive numbers unless the amount is a should be negative. Logan Industries Inc. Score: Estimated Income Statement-Absorption Costing-Solvent For the month of September 1 Sales $480 2 Cost of goods sold: 3 Direct materials $210,000.00 Direct labor 144,000.00 Absorption Costing Income Statement Variable Costing Income Statement como ung so For the month ended September 30 1 Sales $480,000.00 2 Variable cost of goods sold: 3 Direct materials $210,000.00 4 Direct labor 144,000.00 Variable manufacturing cost 48,000.00 6 Total variable cost of goods sold 438,000.00 7 Manufacturing margin $42.000.00 3 Variable selling and administrative expenses 36,000.00 9 Contribution margin $42,000.00 Tave Teedback. Final Questions Shaded cells have feedback. Shaded cells have feedback 3. What would be the estimated operating loss if the solvent production were temporarily suspended for October? If a loss is incurred, enter that amount as a negative number using a minus sign $140,000.00 X Points 071