Maga Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $150 Units in beginning inventory 0 Units produced 3, 100 Units sold 2, 700 Units in ending inventory 400 Variable costs per unit: Direct materials $46 Direct labor $50 Variable manufacturing overhead $7 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $86, 800 Fixed selling and administrative $8, 100 Required: Prepare a contribution format income statement for the month using variable costing. Prepare an income statement for the month using absorption costing. Reconcile the variable costing and absorption costing net operating incomes for the month