The GPX company manufactures fans. This is the income statement for the year ended December 31, 2023, presented using the full cost method. Sales $600,000 Cost of goods sold Beginning inventory $315,000 Manufacturing cost $210,000 $525,000 Less ending inventory (75,000) $450,000 Gross profit $150,000 Selling and administrative expenses $112,500 Operating profit 37 $500 Fixed manufacturing costs per year are $100,000 and selling and administrative costs are fixed. January 1, 2023 December 31, 2023 Raw materials $75,000 $10,500 Direct labor $120,000 $22,500 FGF Variable $30,000 $6,000 Fixed $90,000 $36,000 Profits under the variable cost method are of $91,500. Demonstrate the reconciliation between the benefits according to the two methods in order to explain the difference.