Winslow Inci manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenue $502,700 5291,600 $244.900 Cost of goods sold (261400) (142.900) (164,100) Gross profit $245,300 $143,700 80,000 Selling and administrative expenses (207,500) 107, 100 0134,900 Operating income $33,300 541,00 54,100 In addition, you have determined the following information with respect to located cost Cross Golf Running Training Shoes Shoes Shoes Feed COSE Cost of goods sold 380 400 $37.900 $34,300 Selling and administrative expenses 50.300 35,000 34 300 These foes tosts are used to support the product lines and will not change with the elimination of wore zroduct. In addition, vou Navedetermined that the efects of ventory may be gnored b. Prepare a variable costing income statement for the three products. Enter a net loss as a negative number using a minus sign. Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 20Y1 Cross Training Shoes Golf Shoes Running Shoes Revenues Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income (loss) Winslow Inc, manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues $502.700 5291,600 5244,900 Cost of goods sold (261,400) (142,900) (164,100) Gross profit $241,300 $145,700 $80,800 Selling and administrative expenses (207.500) (107,100) (134,900) Operating income $33.00 541,600 $(54,100) In addition, you have determined the following information with respect to allocated fixed costs CROSS Golf Running Training Shoes Shoes Shoes Exed costs: Cost of goods sold Selling and administrative expenses 580,400 $37.900 $34,300 60,300 55.000 34.300 end not change with the honor any ont product. In addition vore determined that the effect