need help with question C

Variable and Absorption Costing summarized data for 2019 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (70,000 units) $2,800,000 Production costs (80,000 units) Direct material 880,000 Direct labor 720,000 Manufacturing overhead: Variable 544,000 Fixed 320,000 Operating expenses: Variable 175.000 240,000 Depreciation on equipment 60,000 Real estate taxes 18.000 Personal property taxes inventory & equipment) 28,800 Personnel department expenses 30,000 Fixed a. Prepare an income statement based on full absorption costing Only use a negative sign with your answer for net income (loss), if the answer represents a pet loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable. 2800000 Absorption Costing Income Statement Sales Cost of Goods Sold: Beginning Inventory O Direct materials 880000 Direct labor 720000 Manufacturing overhead 864000 Less: Ending Inventory 308000 Cost of Goods Sold Gross profit Operating expenses Net Income (Loss) 2156000 644000 415000 229000 negative signs with any answers, Round answers b. Prepare an income statement based on variable costing. Only use a negative sign with your answer for net income foss), ir the answer represents a net loss. Otherwise, do nos to the nearest whole number, when applicable. Variable Costing Income statement $ 2800000 Variable cost of Goods Sold: Beginning inventory Direct materials 880000 Direct labor 720000 Variable manufacturing overhead 544000 Less: Ending Inventory 268000 Variable cost of goods sold 1876000 Variable operating expenses 175000 Contribution margin 749000 Fooed costs: Manufacturing overhead 320000 Operating expenses 240000 Total Fixed Cost 560000 Net Income (Loss) 182000 c. Assume that you must decide quickly whether to accept a special one-time order for 1.000 units for $25 per unit. Which income statement presents the most relevant data? variable costing Determine the apparent profit or loss on the special order based solely on these data, Use a negative sign with your answer if the special order creates an apparent loss. Round answer to the nearest whole number. d. If the ending inventory is destroyed by fire, which costing approach would you use as a basis for filing an insurance claim for the fire loss? Why? Select the most appropriate statement Absorption costing approach because the cost should include a reasonable portion of foxed manufacturing costs. Variable costing approach because the cost should include a reasonable portion of fixed manufacturing costs. Check