Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows What Compare Incona Statenent Sales (38.000 units X 141.00 per unit) Coat of goods told (78.000 units X $21 perut) Goat margin Selling and ministrative experces Net upettine incare $1.580.800 798.000 782.800 437.000 $345.000 The company's selling and administrative expenses consist of $285,000 per year in fixed expenses and $4 per unit sold in variable expenses. The $21 unit product cost given above is computed as follows: $ 10 Dat staterial Direct Labor Ystable na overhead Find am curing thend (5106,000+ 49.000 unit) Absorption costing it product court 3 4 $ 21 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. Required 1 Required 2 do the company income statement in the contribution format using variable costing. Wh Company Variable Couting Income Statement