Please help,
Q: On October 31, the end of the first month of operations, Ferris and co. prepared the following income statement based on the absorption costing:

Sales(2600 units) 104,000
Cost of goods sold:
Cost of goods manufactured 85,500
Less ending inventory (400 units) 11,400
Cost of goods sold 74,100
Gross profit 29,900
Selling and administrative expenses 21,500
Income from operations 8,400

If fixed manufacturing costs were 42,900 and the variable selling and administrative expenses were 14,600, prepare an income statement in accordance with the variable costing concepts.