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 (6,200 units) $142,600 Cost of goods sold: Cost of goods manufactured (7,300 units) $116,800 Inventory, April 30 (1,000 units) (16,000) Total cost of goods sold 100,800) Gross profit $41,800 Selling and administrative expenses (25,700) Operating income $16,100 If the fixed manufacturing costs were $31,536 and the fixed selling and administrative expenses were $12,590, prepare an income statement according to the variable costing concept. Round all final answers to whole Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales $ 142,600 Variable cost of goods sold: Variable cost of goods manufactured Inventory, April 30 V Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses V Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income