Problem 9. On January 1 of the current year, C. F. Hartley Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: Units Production Sales ($18 per unit) Inventory, January 31 50,000 42.000 8,000 Total Cost or Expense Manufacturing costs: Variable Fixed Total $575,000 75.000 $ 650,000 Selling and administrative expenses: Variable $ 33,600 Fixed 10,500 Total $ 44,100 INSTRUCTIONS: (a) Prepare an income statement in accordance with absorption costing. (b) Prepare an income statement in accordance with variable costing