Giron produces jet bridges for many domestic and international airports. Cost information for Giron's jet bridges is as follows: (Click the icon to view the cost information.) Accitional information for the first three quarters of 2020 for Giron are shown below: (Click the icon to view the additional information for the first three quarters.) Giron's controller. Noel, wishes to analyze the difference in the income statements between throughout costing, absorction costing, and variable costing for the first 3 quarters of 2020. Assume no beginning inventory. Requirement 1. Prepare an absorption costing income statement. (Complete all input fields. Enter a 0 for any zero balance accounts. Use a minus sign or parentheses for a net loss. Abbreviation used: DM-direct materials; SG&A - selling, general and administrative.) Absorption Costing: Quarter 1 Quarter 2 Quarter 3 Revenues Cost of goods available for sale Net income (loss) Requirement 2. Prepare a variable costing income statement. (Complete all input fields. Enter a 0 for any zero balance accounts. Use a minus sign or parentheses for a net loss.) Variable Casting: Revenues Quarter 1 Quarter 2 Quarter 3 Cost of goods avaiable for sale Data table - Data table - Variable costs per jet bridge: 1st Quarter 2nd Quarter 3rd Quarter Materials $ 5,100 Budgeted production 68 72 69 Labor $ 2,900 Actual production 68 72 69 Manufacturing Overhead $ 5,800 Sales 63 66 59 Selling $ 1,700 Sales price: $30,000 per jet bridge General and administrative $ 1,000 Fixed selling costs by quarter 250,000 250,000 230,000 Fixed costs for the first 3 quarters of 2020: Fixed G&A costs by quarter 385,000 250,000 250,000 Manufacturing Overhead $ 971,850 allocated based on budgeted production Selling General and administrative $ 730,000 $ 885,000 Print Done