Create a contribution format income statement using Variable Costing using the information below and from the prior problem: Cost information Variable costs per unit: Direct materials $9 Direct labor $10 Variable MOH $5 Variable Selling & Admin. $3 Fixed costs in total: Fixed MOH $300,000 Fixed Selling & Admin. $400,000 Units produced: 25.000 Units sold: 20.000 Sales Price Per Unit: $70 Sales $ [Select] Less: Variable Costs Variable COGS $ Select] Variable Selling & Admin [Select ] Total Variable Costs [Select ] Contribution Margin Select] Less: Fixed Costs Fixed MOH [Select] Fixed Selling & Admin [Select] Total Fixed Costs Select] Net Operating Income $ [Select] Create a traditional format income statement using Absorption Costing using the information below and from problem #1: Cost information Variable costs per unit: Direct materials $9 Direct labor $10 Variable MOH $5 Variable Selling & Admin. $3 Fixed costs in total: Fixed MOH $300,000 Fixed Selling & Admin. $400.000 Units produced: 25,000 Units sold: 20.000 Sales Price Per Unit: $70 Cost of Goods Sold calculation: Beginning inventory $o +Cost of Goods Manuf. [Select] =Cost of Goods Avail for Sale Select) -Ending inventory (5.000 units) [Select] =Cost of Goods Sold Select] 125,000 units produced - 20,000 units sold = 5,000 units in ending inventory Absorption Costing Income Statement: Sales $ Select Less: COGS (see above) [Select Gross Margin [Select] Less: Selling & Admin Variable Selling & Admin $ [Select] Fixed Selling & Admin [Select] Total Selling & Admin [Select] Net Operating Income [Select