Please answer correctly. The other as er provided for this question is incorrect in chegg. During the first month of operations ended August $31,$ Kodiak Fridgeration Company manufactured $80,000$minl retigerations, of which $72,000$ were sold. Operating data for the month are summarized as follows:

$\backslash$table$[[1,$Sales,,$$10,800,000\mathrm{.}00],[1,$Mayfacturing cass:,,$],[3,$Direct materials,$$6,400,000\mathrm{.}00,],[4,$Direct labor,$1,600,000\mathrm{.}00,],[3,$Variable mansfacturing cost,$1,280,000\mathrm{.}00,],[4,$Figurd mantacturing cest,$320,000\mathrm{.}00,9,600,00000],[1,$Selling and administrative experses:,,$],[1,$Variable,$$1,080,000\mathrm{.}00,],[,,$Flasd,$180,000\mathrm{.}00,1,260,00000]]$

Required:

Prepare an income statement based on the absopption costing conoepe."

Prepare an income statement based on the variable costing concept,"

Explain the reason for the diflerence in the amount of eperating income reported in $(1)$ and $(2).$

$\text{'}$Be sure to complete the statement heading. Aeter to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for lext entries. A colon $(1)$ will automanically appear If is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative.