On April $30,$ the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:

Joplin Company

Absorption Costing Income Statement

For the Month Ended April $30$

Sales $(5,600$ units$)$ $$179,200$

Cost of goods sold:

Cost of goods manufactured $(6,600$ units$)$ $$151,800$

Inventory, April $30(900$ units$)(20,700)$

Total cost of goods sold $(131,100)$

Gross profit $$48,100$

Selling and administrative expenses $(29,150)$

Operating income $$18,950$

If the fixed manufacturing costs were $$34,914$ and the fixed selling and administrative expenses were $$14,280,$ prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Joplin Company

Variable Costing Income Statement

For the Month Ended April $30$

Sales

$Sales

$179,200$

Variable cost of goods sold:

Variable cost of goods manufactured

$Variable cost of goods manufactured

Inventory, April $30$

Inventory, April $30$

Total variable cost of goods sold

Total variable cost of goods sold

Manufacturing margin

$Manufacturing margin

Variable selling and administrative expenses

Variable selling and administrative expenses

Contribution margin

$Contribution margin

Fixed costs:

Fixed manufacturing costs

$Fixed manufacturing costs

Fixed selling and administrative expenses

Fixed selling and administrative expenses

Total fixed costs

Total fixed costs

Operating income