Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year followsi The company's selling and administrative expenses consist of $300.000 per year in fixed expenses and $3 per unit sold in varlable expenses. The $22 unit product cost given above is computed as follows: Required: 1. Redo the company's income statement in the contibution format using variable costing 2. Reconcle any difference between the net operating income on your varlable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Redo the company's Income statement in the contribution format using variable costing. expenses. The $22 unit product cost given above is computed as follows: Required: 1. Redo the company's income statement in the contribution format using variable costing. 2. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below. Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above. (Enter any losses of deductions as a negative value.)