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

Bastile Company

Absorption Costing Income Statement

For the Month Ended June 30, 2016

1	Sales (21,000 units)		$2,940,000.00
2	Cost of goods sold:
3	Cost of goods manufactured (24,400 units)	$1,952,000.00
4	Less ending inventory (3,400 units)	272,000.00
5	Cost of goods sold		1,680,000.00
6	Gross Profit		$1,260,000.00
7	Selling and administrative expenses		150,000.00
8	Income from operations		$1,110,000.00

If the fixed manufacturing costs were $195,200 and the variable selling and administrative expenses were $105,000 prepare an income statement according to the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Less, Plus or colons (:) will automatically appear if required. If a net loss is incurred, enter that amount as a negative number using a minus sign.