Ned's Entrees Income Statement (Absorption Costing) Month Ended January 31February 28 Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income $ 15,000 $ 19,000 8,10010,400 6,900 2,000 4,900 $ 8,600 2,400 6,200 Requirement 2b. Prepare Ned's Entrees' January and February income statements using var Ned's Entrees Contribution Margin Income Statement (Variable Costing) Month Ended Less Cost of gdsds so l Feb loo Ned's Entrees Income Statement (Absorption Costing) Month Ended January 31February 28 Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income $ 15,000 $ 19,000 8,10010,400 6,900 2,000 4,900 $ 8,600 2,400 6,200 Requirement 2b. Prepare Ned's Entrees' January and February income statements using var Ned's Entrees Contribution Margin Income Statement (Variable Costing) Month Ended Less Cost of gdsds so l Feb loo