Variable Costing Income Statement

On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:

Line Item Description	Amount	Amount
Sales (3,600 units)		$111,600
Cost of goods sold:
Cost of goods manufactured (4,200 units)	$92,400
Inventory, April 30 (600 units)	(13,200)
Total cost of goods sold		(79,200)
Gross profit		$32,400
Selling and administrative expenses		(18,560)
Operating income		$13,840

If the fixed manufacturing costs were $20,328 and the fixed selling and administrative expenses were $9,090, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

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