In May 2018, VitaSport produced 20,000 cases of powdered drink mix and sold 23,000 cases, of which 3,000 were produced in April. The total April production was 15,000. The sales price was $22, variable costs were $7 per case ($5 manufacturing and $2 selling and administrative), and total fixed costs were $85,000 ($60,000 manufacturing and $25,000 selling and administrative). Vita Sport's May income statement using variable costing follows: (Click the icon to view the variable costing income statement.) Read the requirements. Reference Requirement 1. Prepare the May income statement using absorption costing. VitaSport Income Statement (Absorption Costing) Month Ended May 31, 2018 VitaSport Income Statement (Variable Costing) Month Ended May 31, 2018 Net Sales Revenue $ 506,000 Variable Costs: $ 115,000 46,000 161,000 Variable Manufacturing Overhead Variable Selling and Administrative Costs Contribution Margin Fixed Costs: 345,000 Fixed Manufacturing Overhead Fixed Selling and Administrative Costs 60,000 25,000 85,000 260,000 Operating Income Operating Income Choose from any list or enter any number in the input fields and then click Check Answer. Print Done narts