Map Company, which has only one product, has provided the following data concerning its most recent month of operations:

	Selling price...............................................	$140
	Units in beginning inventory.....................	0
	Units produced..........................................	7,400
	Units sold..................................................	7,200
	Units in ending inventory..........................	200
	Variable costs per unit:
	Direct materials.......................................	$42
	Direct labor.............................................	$32
	Variable manufacturing overhead...........	$1
	Variable selling and administrative.........	$8
	Fixed costs:
	Fixed manufacturing overhead................	$280,800
	Fixed selling and administrative..............	$98,000

Required:

Prepare an income statement for the month using the contribution format and the variable costing method.

Prepare an income statement for the month using the absorption costing method.