Gallatin County Motors Inc. assembles and sells snowmoble engines. The company began operations on July 1 and operated at tooss of capacity during the first month. The following tain summarize the results for July: Required: a. Prepare an income statement according to the absorption costing concept," Required: a. Prepare an income statement according to the absorption costing concept" b. Prepare an income statement according to the variable costing concept * c. What is the reason for the ditference in the amount of Operating income reported in (a) and (b)? - Be sure to complete the statement heading. Feter to the Hist of Labeie and Amount Descriptions provided for the exact wording of he answer choices for text entries. A colon (i) wiif automaticaly appear if it is required. Enter amounts as positive nimbors initass me amount is a calculation that results in a negative amount. For exarpie: Net lass should be negative. Expenses ahouly be positive