Minute Company reports the following information for March: (Click the icon to view the data.) Read the requirements Requirement 1. Caloulate the gross profit and operating income for March using absorption costing. Minute Company Income Statement (Absorption Costing) For the Month Ended March 31 Operating Income ofit and operating income for March using absorption costing. aute Company sent (Absorption Costing) onth Ended March 31 i Data Table X Net Sales Revenue $ 78,950 Variable Cost of Goods Sold 16,700 Fixed Cost of Goods Sold 10,100 Variable Selling and Administrative Costs 9,500 Fixed Selling and Administrative Costs 3,500 Print Done