Shawnee Motors Inc. assembles and sells snowmobile engines. 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 (38,000 units) 2 Production costs (44,500 units): 9,500,00000 Direct materials Direct labor Variable factory overhead Fixed factory overhead Selling and administrative expenses: 3,560,00000 ,002,50000 112,50000 667500007342500.00 IVariable selling and administrative expenses S1.10,0000 Fixed selling and administrative expenses 45,000.00 1,375,000.00 a. Prepare an income statement according to the absorption costing concept.Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear if it is required. Enter all amounts as positive numbers Score: 6/45 Shawnee Motors Inc. Absorption Costing Income Statement Label) 1 Sales Shaded cells have reedback Variable Costing Income Statement b. Prepare an income statement according to the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear if it is required. Enter all amounts as positive numbers Question not attempted. Shawnee Motors Inc Variable Costing Income Statement Label) Score: 0/87 s Label)