Question - Variable costing income statement

On June 30, the end of the first month of operations, Volker Energy Company prepared the following income statement, based on the absorption costing concept:

Volker Energy Company

Absorption Costing Income Statement

For the Month Ended June 30, 2011

Sales (2,600 units) $91,000

Cost of goods sold:

Cost of goods manufactured ( 3,100 units) $77,500

Less inventory, June 30 ( 400 units) 10,000

Cost of goods sold 67,500

Gross profit $23,500

Selling and administrative expenses 14,520

Income from operations $8,980

If the fixed manufacturing costs were $17,825 and the variable selling and administrative expenses were $7,410, prepare an income statement according to the variable costing concept. Enter all amounts as positive numbers.