HELPPPPP

Instructions During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 40,000 mini refrigerators, of which 36,000 were sold. Operating data for the month are summarized as follows: $8.280,000.00 1 Sales 2 Manufacturing costs: 3 Direct materials $2.500,000.00 1.200.000,00 300.000.00 240.000.00 5.240.000,00 Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses Variable Fixed $540,000.00 216.000.00 756.000.00 Required: 1. Prepare an income statement based on the absorption costing concept 2. Prepare an income statement based on the variable costing concept 3. Explain the reason for the difference in the amount of operating income reported in (0) and (2) *Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required Enter amounts es positive numbers unless me amount is calculation that results in a negative amount For example: Not loss should be negative