Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: The company's selling and ediministrative 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 Required: 1. Redo the company's income statement in the contribution formot using variable costing 2. Reconcle any diference between the net operating income on your varieble costing incorme stotement afd the ner operating income on the absorption costing income statement above. Complete this question by entering your answers in the tabs below