Variable and Absorption Costing The following data were adapted from a recent income statement of Ansara Company for the year ended December 31 : year were as follows: Also, assume that 40% of the beginning and ending inventories were fixed costs. a. Prepare an income statement according to the variable costing concept for Ansara Company. Round numbers to nearest million. Ansara Company Variable Costing Income Statement (assumed) For the Year Ended December 31