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Whitrnan Company has just completed its first year of operotions. The company's absorption costing income statement for the year follows: The company's selling and administrative expenses consist of $292,500 per year in fised expenses and $4 per unit sold in variable expenses. The $25 unit product cost given above is computed as follows: Required: 1. Redo the company's income statement in the contribution format using varlable costing. 2. Reconcile any difference between the net operating income on your varlable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operat income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Redo the company's income statement in the contribution format using variable costing. Required: 1. Fedo the company's income statement in the contribution format using varlable costing: 2. Reconcile any diference between the net operating income on your vailable cositing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the babs betow. Iteconcite any difference between the net operating income on your variable costing income statement and the net operating