WVJB Company manufactures a specialized hoverboard. WVJB began 2017 with an inventory of 300 hoverboards. During the year, it produced 800 boards and sold 1,010 for $750 each. Fixed production costs were $183,600, and variable production costs were $320 per unit. Fixed advertising, marketing, and other general and administrative expenses were $110,000, and variable shipping costs were $15 per board. Assume that the cost of each unit in beginning inventory is equal to 2017 inventory cost. Read the requirements. Requirement 1. Prepare an income statement assuming WJB uses variable costing. Complete the top half of the income statement first, then complete the bottom portion. Revenues 757500 Variable cost of goods sold: Beginning inventory