If Tinker sells 95,000 of the toys it produced in August for a selling price of $10 per toy, prepare a variable costing incomestatement for Tinker forthe month ending August 31, 2011. Assume there is no beginning inventory. Tinker toys Income statement (Variable Costing) For month ending August 31, 2011 Sales Revenue (95,000 x $10) Variable cost of goods sold (95,000 x $5) Variable selling & admin expenses Contribution margin Fixed selling & admin expenses Fixed Manufacturing expenses Operating income 0 100,000