Question 2 ABC Company operated its plant at 100% of capacity during the month of January. The following data summarized the results for January: Units Production 50.000 Sales ($18 per unit) (42.000) Inventory, January 31 8.000 Manufacturing costs: Variable $575.000 Fixed 80.000 Total $655,000 Selling and administrative expenses: Variable $35.000 Fixed 10.500 Total $45,500 1. Prepare an income statement for the month ending January 31, 2020 using absorption costing. 2. Prepare an income statement for the month ending January 31, 2020 using variable costing