Summarized data for 2016 (the first year of operations) for Trenton Products, Inc., are as follows:

Sales (200,000 units)					$16,000,000
Production costs (210,000 units)
Direct material					4,200,000
Direct labor					3,360,000
Manufacturing overhead:
Variable					2,520,000
Fixed					2,100,000
Operating expenses:
Variable					1,120,000
Fixed					1,280,000

b. Prepare an income statement based on variable costing. Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable. Variable Costing Income Statement Sales $ 16000000 Variable cost of Goods Sold: Beginning Inventory $ 0 Direct materials 4200000 Direct labor 3360000 Variable manufacturing overhead 2,520,000 Less: Ending Inventory 0 Variable cost of goods sold Support Fixed costs: Manufacturing overhead Operating expenses Total Fixed Cost Net Income (Loss) 2100000 1280000 3380000 1900000 $ C. Assume that you must decide quickly whether to accept a special one-time order for 1,000 units for $56 per unit. Which income statement presents the most relevant data? variable costing Determine the apparent profit or loss on the special order based solely on these data. Use a negative sign with your answer if the special order creates an apparent loss. Round answer to the nearest whole number. $ 4800 d. If the ending inventory is destroyed by fire, which costing approach would you use as a basis for filing an insurance claim for the fire loss? Why? Select the most appropriate statement