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: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (6,400 units) $153,600 Cost of goods sold: Cost of goods manufactured (7,600 units) $129,200 Inventory, April 30 (1,100 units) (18,700) Total cost of goods sold (110,500) Gross profit $43,100 Selling and administrative expenses (25,930) Operating Income $17,170 If the fixed manufacturing costs were $31,008 and the fixed selling and administrative expenses were $12,700, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. > Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, April 30 Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback 153,600 98,192 V 14,212 V 83,980 69.620 V 31,008 56.920 X 69.620 X 12.700 43.708