Shawn Motors inc. combles and sols snowmobile engines. The company began operations on August 1 and operated at 100% of capacity during the fast month too data summarize the results for August ! $7,750,000.00 1 Sales (631,000 units) 2 Production costs (38,000 units : Direct materials Direct labor Variable factory overhead $3,040,000.00 1,710,000.00 950,000.00 570,000.00 Fixed factory overhead 6,270,000.00 Selling and administrative expenses Variable selling and administrative expenses Feed selling and administrative expenses $1,120,000.00 200.000.00 1,520,000.00 Required: a. Prepare an income statement according to the absorption costing concept . Prepare an income statement according to the variable costing concept." c. What is the reason for the difference in the amount of income from operations reported in (a) and (b)? Refer to the base of Labels and Amount Descriptions for the exact wording of the answer choices for extenties. Be sure to complete the alement reading. A coton will automatically appear itin required. Enteral amounts as positive numbers