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: $8,000,000.00 $3.280,000.00 2.255,000.00 1 Sales (32.000 units) 2. Production costs (41,000 units): 5 Direct materials 4 Direct labor 5 Variable factory overhead 6 Fixed factory overhead 7 Selling and administrative expenses: 8 Variable selling and administrative expenses 9 Fixed selling and administrative expenses 1,025,000.00 615,000.00 7.175,000.00 $1,180,000.00 210,000.00 1,390,000.00 Required: a. Prepare an income statement according to the absorption costing concept b. 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 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