fill in missing answer please

Exercise 19-6 Absorption costing income statement LO P2 Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. For its first month of operations, 350 bikes were produced and 225 were sold; this left 125 bikes in ending inventory. The income statement information under variable costing follows. Sales (225 x $1,725) Variable product cost (225 x $650) Variable selling and administrative expenses (225 * $55) Contribution margin Fixed overhead cost Fixed selling and administrative expense Net income $ 388,125 146,250 12,375 229,500 59,500 90,000 $ 80,000 1. Prepare this company's income statement for its first month of operations under absorption costing. 2. Fill in the blanks: KENZI KAYAKING Absorption Costing Income Statement $ 388,125 Sales Less: Cost of goods sold Variable product costs Fixed overhead costs $ 146,250 38,250 184,500 203,625 Cost of goods sold Gross margin Selling general and administrative expenses Fixed selling and administrative costs Variable selling and administrative expenses 90,000 12,375 Total selling general and administrative expenses Net income (loss) 102,375 101,250 $ Net income under absorption costing is higher than net income under variable costing by: 125 GA Fixed overhead cost per unit Fixed costs added to inventory 170 21,250 GA