Please help with variable and absorption costing formulas when completing an income statement for each.

E7 - 3B Variable and Absorption CostingService Company Tech Helpers Company prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Tech Helpers provides a personal computer maintenance service that is sold for $100. The variable and fixed cost data are as follows: Direct labor $25.0 0 Overhead Variable cost per unit $5.00 Fixed cost $240, 000 Marketing, general and administrative Variable cost (per service contract completed) $5.00 Fixed cost (per month) $20,0 00 During 2015, 4,000 service contracts were started and 5,000 service contracts were completed. At the beginning of 2016, Tech Helpers had 1,000 service contracts in process at a per-unit cost of $90 in beginning work-in-process inventory. a. Calculate reported income for management. b. Calculate reported income for the bank. Do not use negative signs with any answers