Gallatin County Motors inc. assembles and sells snowmobile engines. The company began operations an Jily 1 and operated at 100% of capacity during the first month. The following data summarize the results for July: This information has been collected in the Nicrosoft Excel Online file, Open the spreadsheot, perform the required analysin. and indut your anawers in the questions below. Open hel cadsheet a. Prepare an incoine statement according to the absorptien cotting concept. Galiatin County Motors: Inc: feallatin Coanty Motors lac. Abvorption finstind Income stateitwint 6. Brobare an Incomie laternent according to the variable cospina concest c. What is the reason for the ditference ins the athount of operating incorne reported in (a) and (b) ? Unither the mathod, the fued manufactuaing cost induded in the cost of goods sold is match whith the reveruati uinder wh of the fined manufacturing cest is deducted in the period in which it in incuered. fegardless of the amivot of insuntory. change. Thus, which inventory incriales. the Ifsorme staydrant