Shastri Bicycle of Bombay. India, produces an inexpensive, yet rugged, bicycle for use on the city's crowded streets that it sells for 910 rupees. (Indian currency is denominated in rupees, denoted by) Selected data for the company's operations last year follow. The absorption costing income statement prepared by the company's accountant for last year appears below: Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. (Omit the " " sign in your response.) 2. Prepare an income statement for the year using variable costing (input all amounts as positive values except losses which should be indicated by a minus sign. Omit the " " sign in your response.)