Unice 365 a. Prepare an income statement according to the absorption costing concept. Crazy Mountain Sports Inc. Absorption Costing Income Statement For the Month Ended July 31 Sales $ 3,240,000 Cost of goods sold 498.5 Gross profit $ Selling and administrative expenses Operating income $ b. Prepare an income statement according to the variable costing concept. Crazy Mountain Sports Inc. Variable Costing Income Statement For the Month Ended July 31 # 3 Fixed costs: Check My Work 80 F3 bad 74 FR All work saved. MacBook Air 3 17 $ $ Call DD 100 Co $ % ^ & + 4 5 6 7 8 9 E R T Y U D x C H FI > Save and Ex 9 F 0 P G H J K L Save and t Submit Anet for Gadg MO PMI DI to PF TW $ > ? Z X C V B N M ' T H H 4 option command command option