C CengageNOWv2 | Online teaching and learning... CengageNO eBook Variable Costing Income Statement The following data were adapted from a recent income statement of The Procter & Gamble Company (PG): (in millions) Sales $65,058 Operating costs: Cost of products sold $(32,535) Marketing, administrative, and other expenses (18,568) Total operating costs $(51, 103) Operating income $13,955 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $19,500 Marketing, administrative, and other expenses 14,000 a. Based on the data given, prepare a variable costing income statement for Procter & Gamble, assuming tha constant inventory levels during the period. The Procter & Gamble Company Variable Costing Income Statement (assumed)