Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc, assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100 p of capacity duning the first month. The following data summarize the results for July: If requiced, round interim per-unit calculations to the nearest cent. a. Prepare an income statemeat accordin to the absorotion costing concept. Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmoblie engines. The company began operations on July 1 and operated at 100% of capacity duting the first month. The following data summarize the results for July: If required, round interim per-urit calculations to the nearest cent. a. Prepare an ivcome statement according to the absorption costing concept. a. Prepare an income statement according to the absorption costing coricept. b. Prepare an income bitatement according to the-variable costing concept. b. Prepare an income statcment accoreing to the variable cocting cencept. C. What is the reaion for the differance in the ampurt of coerating ascome reported in g and (0) ? 1144er the income stacement wit howe a nighericotating intopit