The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.25 Direct Labor per Unit $1.50 Variable Manufacturing Overhead per Unit $0.25 Variable Selling and Administration Expenses $1.50 Units Produced 41,000 Units Sold 37,000 Sales Price $12 Fixed Manufacturing Expenses $123,000 Fixed Selling and Administration Expenses $20,000 Prepare an income statement under variable costing method. Appliance Apps Income Statement Sales Variable Cost of Goods Sold Gross Contribution Margin $ Variable Selling and Administration Expenses Contribution Margin $ Fixed Manufacturing Expenses Fixed Selling and Administration Expenses Appliance Apps Income Statement Sales Variable Cost of Goods Sold Gross Contribution Margin $ Variable Selling and Administration Expenses Contribution Margin $ Fixed Manufacturing Expenses Fixed Selling and Administration Expenses Net Income Appliance Apps Reconciliation Net Income under Variable Costing $ Add: Fixed Manufacturing Overhead Deferred Net Income under Absorption Costing