Income Statements under Abanestion and V Shawnes Motors Inc. assembles and wls HP3 players. The company began perations on August and prated at 100% of sadly during the first month. The fing data s Sales (15,500 units) Production costs (20,000 $1,000,000 Direct materials Direct labor 000 Variable factory overhead Fixed factory overhead 214,000 142,000 1.070,000 Seling and administrative expemes Variable sing and administrative expens 100,300 359,100 a. Prepare an income statement according to the aburgtion casting concept. Sales Shawnes Motors lec Absorption Costing Tecome Statement For the Month Ended August 31 Cost of goods sold Gress prod Selling and administrative expenses