need help in both requirememts. please add work/steps. thank you.

Whitman Company has just completed its first year of operations. The company's absorption costing Income statement for the year follows: Whitman Company Income Statement Sales (39,000 units $41.60 per unit) Cost of goods sold (39,000 units $21 per unit) Gross margin Selling and administrative expenses Net operating income $1,622,400 819,000 83,400 409,500 $393,900 The company's selling and administrative expenses consist of $292,500 per year in fixed expenses and $3 per unit sold in variable expenses. The $21 unit product cost given above is computed as follows: 512 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (5212,000 + 53,8 units) Absorption costing unit product cost 4 323 Required: 1. Redo the company's income statement in the contribution format using variable costing 2 Reconcile any difference between the net operating income on your variable costing income statement and the net operating Income on the absorption costing Income statement above Answer is complete but not entirely correct. Required 1 Required 2 Redo the company's income statement in the contribution format using variable costing. Whitman Company Variable Costing Income Statement Sales 1.822.400 > Variable expenses Variable cost of goods sold Variable selling and administrative expenses S 883.000 156,000 810,000 803.400 Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expenses 212,000 202,500 El 504,500 Net operating income $ 298.000 > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income $ 200.000 Add: Fixed manufacturing overhead cost deferred in Inventory under absorption coating $384.000 Absorption costing net operating income 50.000