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 (3,000 units) $81,000 Cost of goods sold: Cost of goods manufactured (3,500 units) $66,500 Inventory, April 30 (500 units) (9,500) Total cost of goods sold (57,000) Gross profit $24,000 Selling and administrative expenses (13,600) Operating income $10,400 If the fixed manufacturing costs were $14,630 and the fixed selling and administrative expenses were $6,660, 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 81,000 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 14,630 Fixed selling and administrative expenses Fixed selling and administrative expenses 6,660 Total fixed costs Total fixed costs 21,290 Operating income $Operating income Feedback Area Feedback