Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (8,000 units) $960,000 Production costs (10,000 units): Direct materials $444,000 Direct labor 213,000 Variable factory overhead 107,000 Fixed factory overhead 71,000 835,000 Selling and administrative expenses: Variable selling and administrative expenses $129,400 Fixed selling and administrative expenses 50,100 179,500 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31 b. Prepare an income statement according to the variable costing concep Shawnee Motors Inc. Variable Costing Income Statement For the Month Ended August 31 00000 $ $ Fixed costs: LA 00