Please help

Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during the rst month. The following data summarize the results for July: Sales (19,500 units) $2,730,000 Production posts (25,000 units): Direct materials $1,295,000 Direct labor 622,500 Variable factory overhead 310,000 Fixed factory overhead 207,500 2,435,000 Selling and administrative expenses: Variable selling and administrative expenses $377,400 Fixed selling and administrative expenses 146,100 523,500 If required, round interim periunit calculations to the nearest cent. 3. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Absorption Costing Income Statement For the Month Ended July 31 Sales '1 \\f V Cost of goods sold vi J Gross erofit Vi w/ Selling and administrative expenses '1 \\f Operating income 'i J l b. Prepare an income statement according to the variable costing concept. Gallatin County Motors Inc. Variable Costing Income Statement For the Month Ended July 31 Sales Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed factory overhead costs Fixed selling and administrative expenses Total fixed costs Operating income