TV Phus Corporation manufactures and sells 50-inch telovision sets and uses standard costing. The selling price per unit is $3,100. The budgeted level of production used to calculate the Actual data relating to January, February, and March 2020 are as follows: budgeted fixed manufacturing cost per unit is 1,500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in (Click to view the data.) the month in which it occurs. Read the requirements. Data table Requirements 1. Prepare income statements for TV Plus in January, February, and March 2020 under (a) variable costing and (b) absorption costing. 2. Explain the difference in aperating income for January, February, and March under variable costing and absorption costing. Requirement 1. Prepare income statements for TV Plus in January, February, and March 2020 under (a) variable costing and (b) absorption costing. Paper size (a). Prepare income statements for TV Plus in danuary. February, and March of 2020 under variable costing. Complete the top half of the incomve staternent for each month first, then complete the bottom portion. (Complete alli input fields. Enter a 'o' for any zero balance accounts.) (b). Prepare income statements foe TV Plus in January, February, and March 2020 under absorption costing. do not select a label. Abbreviation used: Adj = Adjustment, Mig. n Manufacturing.) (b). Prepare income stalements for TV Plus in January, Fobruary, and March 2020 under absorption oosting. Paper size do not solect a label. Abbreviation used; Adj. = Adfustment, Mig. = Manufacturing. Requirement 2. Explain the difference in operating income for January, February, and March under variable costing and absorpton costing Vanable.)