Sales for both months were $T00,000. In January produced 32,000 dishes and sold 25,000 dishes. In February produced 16,000 dishes and sold 25,000 dishes. JANUARY: Direct Materials $320,000 Direct Labor 96,000 Variable Overhead 64,000 Fixed Overhead 10,000 Variable Operating Expenses 62,500 Fixed Operating Expenses 5,500 FEBRUARY: Direct Materials $180,000 Direct Labor 54,000 Variable Overhead 36,000 Fixed Overhead 10,000 Variable Operating Expenses 62,500 Fixed Operating Expenses 5,500 REQUIRED: 1) Using Variable Costing, prepare January and February Income Statements 2) Using Absorption Costing, prepare January and February Income Statements