need explanation and work performed to know how it was done and please place on income statement sheet so i can understand placement as well.

On June 30, 2016, the end of the first month of operations, Tudor Manufacturing Co. prepared the following income statement, based on thevariable costingconcept:

Tudor Manufacturing Co.

Income Statement - Variable Costing

For the Month Ended June 30, 2016

1Sales (420,000 units) $7,450,000.00

2Variable cost of goods sold:

3Variable cost of goods manufactured (500,000 units $14 per unit)$7,000,000.00

4Less ending inventory (80,000 units $14 per unit) 1,120,000.00

5 Variable cost of goods sold 5,880,000.00

6 Manufacturing margin $1,570,000.00

7 Variable selling and administrative expenses 80,000.00

8 Contribution margin $1,490,000.00

9Fixed costs:

10Fixed manufacturing costs $160,000.00

11Fixed selling and administrative expenses 75,000.00 235,000.00

12 Income from operations $1,255,000.00

:A. create an absorption costing income statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" and colons will automatically appear if it is required. In your computations, round unit costs to two decimal places and round final answers to the nearest dollar.

B.Reconcile the variable costing income from operations of $1,255,000 with the absorption costing income from operations determined in (A). Enter all amounts as positive numbers.