.?Kissimmee Paint Co. reported the following data for the month of July. There were no beginning inventories and all units were completed (no work in process).

	Total Cost	Number of Units	Unit Cost
Manufacturing costs:
Variable	$465,000	30,000	$15.50
Fixed	210,000	30,000	7.00
Total	$675,000		$22.50

Selling and administrative expenses:
Variable	$2 per unit sold
Fixed	$39,000

In the month of July, 28,000 of the 30,000 units manufactured were sold at a price of $80 per unit.

(a)	Prepare a variable costing income statement.
(b)	Prepare an absorption costing income statement.
(c)	Briefly explain why there is a difference in income from operations between the two methods.