Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead $ 128 345 6,880 6,830 395 $ 42 $ 23 $ 3 $ 19 $ 165,120 Fixed selling and administrative expense $ 95,620 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution format income statement for the month using variable costing. Sales Variable expenses: Variable Costing Income Statement Variable cost of goods sold $ 464,440 Variable selling and administrative expenses 129,770 Fixed expenses: Fixed manufacturing overhead 165,120 Fixed selling and administrative expenses 95,620 Net operating income $ 874,240 594,210 280,030 260,740 19,290