Variable and Absorption Costing-Three Products Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 20Y1 Cross Training Shoes Golf Shoes Running Shoes Revenues Cost of goods sold Gross profit Selling and administrative expenses Income (loss) from operations $357,100 $207,100 $176,000 185,700 101,500 117,900 $171,400 $105,600 $58,100 147,400 $24,000 76,000 97,000 $29,600 $(38,900) In addition, you have determined the following information with respect to allocated fixed costs: Cross Training Shoes Golf Running Shoes Shoes Fixed costs: Cost of goods sold $57,100 $26,900 $24,600 Selling and administrative expenses 42,900 24,900 24.600