Variable and Absorption Costing Summarized data for 2019 (the first year of operations) for Trenton Products, Inc., are as follows: Sales (100,000 units) $8,000,000 Production costs (105,000 units) Direct material 2,100,000 Direct labor 1,680,000 Manufacturing overhead: Variable 1,260,000 Fixed 1,050,000 Operating expenses: Variable 560,000 Fixed 640,000 a. Prepare an income statement based on full absorption 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. $ 8000000 Absorption Costing Income Statement Sales Cost of Goods Sold: Beginning Inventory Direct materials 2100000 Direct labor 1680000 Manufacturing overheai 2310000 Less: Ending Inventory 290000 Cost of Goods Sold Gross profit Operating expenses . Net Income (Loss) 5800000 2200000 1200000 1000000 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. $ 8000000 Variable Costing Income Statement Sales Variable cost of Goods Sold: Beginning Inventory Direct materials 2100000 Direct labor 1680000 Variable manufacturing 1260000 Less: Ending Inventory 240000 Variable cost of goods sold Variable operating expens Contribution margin Fixed costs: Manufacturing overhea 1050000 Operating expenses 640000 Total Fixed Cost Net Income (Loss) 4800000 560000 2640000 1690000 950000 $ 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