Montreal Inc. planned and actually manufactured 180,000 units of its single product in 2022, its first year of operation. Variable manufacturing cost was $21 per unit produced. Variable operating (non-manufacturing) cost was $10 per unit sold. Planned and actual fixed manufacturing costs were $540,000. Planned and actual fixed operating (non-manufacturing) costs totalled $400,000. Montreal sold 160,000 units of product at $40 per unit. Required 1. Montreal's 2022 operating income using absorption costing is (a) $940,000, (b) $560,000, (C) $500,000, (d) $180,000, or (e) none of these. Show supporting calculations. 2. Montreal's 2022 operating income using variable costing is (a) $940,000, (b) $560,000. (C) $500,000, (d) $180,000, or (e) none of these. Show supporting calculations. Requirement 1. Montreal's 2022 operating income using absorption costing is (a) $560,000, (b) $500,000, (c) $940,000, (d) $180,000, or (e) none of these. Show supporting calculations. Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting calculations. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign for an operating loss.) Absorption costing Deduct: Operating income