Nascar Motor assembles and sells motor vehicles and uses standard costing. Actual data relating to April and may 2020 are as follows: April May Unit data: Bginning inventory 0 150 Production 500 400 Sales 350 520 Variable Costs: Manufacturing Cost per unti produced $10,000 $10,000 Operating (marketing) per unit sold $3,000 $3,000 Fixed Costs: Maunfacturing Costs $2,000,000 $2,000,000 Operating (marketing) costs $600,000 $600,000 The selling price per vehicle is $24,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Prepare April and May 2020 income statements for Nascar motors under (a) variable costing and (b) absorption costing.