Fresh Ltd. is a manufacturing company and the following table shows its performance and cost data under Absorption costing for the month of June 2020. Absorption Cocting Income statement Sales (30.000 units X 520) $ 600,000 Cost of goods sold Beginning inventory Add: Cost of goods manufactured (40.000 units X $13) Goods available for sale $ 520,000 $ 520,000 $ 130,000 Less Ending Inventory (10.000 units X $12) Cost of Goods Sold $ 390,000 Gross Margin $ 210,000 $ 165,000 Less: Seling & Administrative Cost (30.000 units X $5) $15,000 Net Operating income 3 45,000 Coct Par Unit Data Direct Materials $3 Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Unit Produot Coct under Abcorption Corting S6 $2 $2 Required: Marka: 8+2=10] i. Redo the company's income statement using the Variable costing method. ii. Why do you think there is a difference in net operating income between the two casting methods