Hey Chegg, I need help with 2 accounting questions please. The first question I did by myself, but I'm not too sure if it's correct. The second question is incomplete and I don't know what to do :( I appreciate your help! thank you!

Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Whitman Company Income Statement Sales (42,000 units x $42.10 per unit) Cost of goods sold (42,000 units x $22 per unit) Gross margin Selling and administrative expenses Net operating income $1,768,200 924,000 844,200 525,000 $ 319,200 The company's selling and administrative expenses consist of $315,000 per year in fixed expenses and $5 per unit sold in variable expenses. The $22 unit product cost given above is computed as follows: $ 9 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($180,000 = 45,000 units) Absorption costing unit product cost $ 22 Required: 1. Redo the company's income statement in the contribution format using variable costing. 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Redo the company's income statement in the contribution format using variable costing. $ 1,768,200 Whitman Company Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold [ $ 756,900 Variable selling and administrative expenses 168,000 924,900 843,300 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses 180,000 315,000 495,000 348,300 Net operating income $ Required 1 Required 2 Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. (Enter any losses or deductions as a negative value.) 384,000 Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income $ Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing net operating income