I need help with some missing pieces

who ever solves this can you show work in the income summary

8. Award: 4.00 points Problem 7-22 Variable Costing Income Statements; Income Reconciliation (LO7-1, LO7-- Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 5 10 3 2 $ 20 $ 84,000 160,000 $ 244,000 The product sells for $51 per unit. Production and sales data for July and August, the first two months of operat Units Produced 21,000 21,000 Units Sold 17,000 25,000 July August The company's Accounting Department has prepared the following absorption costing income statements for Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 867,000 374.000 493,000 194,000 $ 299,000 August $ 1,275,000 550,000 725,000 210,000 $ 515,000 Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing. 2. Prepare variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare variable costing income statements for July and August. Denton Company Variable Costing Income Statement July 867,000 August $ 1,275,000 $ Sales Variable expenses: Variable cost of goods sold 34,000 50,000 Variable selling and administrative expenses 50,000 34,000 833,000 1,225,000 Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses 84,000 160,000 84,000 160,000 244,000 Total fixed expenses Net operating income (loss) 244,000 981,000 $ 589,000 $ Required 1 Required 3 Required: Required 2 Required 3 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (los) 5 283.000 5 531 000 Add deduct forced manufacturing overhead cost deferred in (released from inventory under absorption costing Absorption costing net operating income (loss) Required 3 >