Peters Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $122 Units in beginning inventory 0 Units produced 8,300 Units sold 8,200 Units in ending inventory 100 Variable costs per unit: Direct materials $27 Direct labour $46 Variable manufacturing overhead $4 Variable selling and administrative $7 Fixed costs: Fixed manufacturing overhead $199,200 Fixed selling and administrative $106,600 Required:

If a contribution format income statement is created using the variable cost method, what would the operating income be? (enter a positive number only with no dollar sign, commas, letters, or decimals.

If an absorption costing income statement is created, what would the operating income be? (enter a positive number only with no dollar sign, commas, letters, or decimals.