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 (2,600 units) $67,600 Cost of goods sold: Cost of goods manufactured (3,000 units) ) $54,000 Inventory, April 30 (400 units) (7,200) Total cost of goods sold (46,800) Gross profit $20,800 (11,410) Selling and administrative expenses Operating income $9,390 If the fixed manufacturing costs were $11,340 and the fixed selling and administrative expenses were $5,590, 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 X Variable cost of goods sold: Variable cost of goods manufactured Inventory, April 30 8 Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs 9 DO dudu Fixed selling and administrative expenses Total fixed costs Operating income