Incorne Statements under Absorption Costing and Variable Costing Galtstin County Motors Inc: assembles and sells snowmobile engines. The company began operations on July 1 and operated at roosh it capacity during the first month. The following data summarize the results for luly: If rogulied, round interim per-unit calculations to the nearest cent. a. Drepare an income statement atcording to the absorntion costing concept. a. Prepare an income statemint according to the absorption costing concept. Galfatin County Motors Inc. A herematis. b. Prepare an income atatement according to the varable costine concect. b. Prepare an income statement according to the variable costing concept. C. What is the reason for the difference in the amount of ceerating vacame reported in (b) and (b)? ind int int change, Thus, wheri inventocy iecreates, the incoene staternent will have a Noker oceratipg income