Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1, 050 kayaks and sold 800. at a price of $1.050 each. At this first year-end. the company reported the following income statement information using absorption costing. a. Production cost per kayak totals $500, which consists of $400 in variable production cost and $400 in fixed production cost-the latter amount is based on $105.000 of fixed production costs allocated to the 1.050 kayaks produced. b. The $240.000 in selling and administrate expense consists of $105.000 that is variable and $135.000 that is fixed. Prepare an income statement for the current year under variable costing