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 (6,500 units) $188,500 Cost of goods sold: Cost of goods manufactured (7,400 units) $155,400 Inventory, April 30 (1,000 units) (21,000) Total cost of goods sold (134,400) Gross profit $54,100 Selling and administrative expenses (31,650) Operating income $22,450If the fixed manufacturing costs were $35,742 and the fixed selling and administrative expenses were $15,500, 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 0090 Variable selling and administrative expenses V Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income