K ezto.mi E connect Chapter 6 Homework Question 6 (of 9) 1.00 points Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year appears below: Whitman Company Income Statement $1,831,200 924,000 907,200 41,000 s 466,200 Sales (42.000 units $43.60 per unit) Cost of goods sold (42,000 unitsx $22 per unit) Gross margin Seling and administrative expenses Net operating income The company's selling and administrative expenses consist of $315,000 per year in fixed expenses and per unit sold in variable expenses. The $22 per unit product cost given above is computed as follows: $12 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($260,000 52,000 units) Absorption costing unit product cost s 22 Required: 1. Prepare the company's income statement in the contribution format using variable costing Whitman Company Variable Costing Income Statement