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Un January 1 of the current year, Townsend Co, commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: Selling and administrative expenses: a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. seiling and administrative expenses: a. Prepare an income statement using absorption costing. ng. a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. a. Prepare an income statement using absorption costin b. Prepare an income statement using variable costing. a. Prepare an income statement using absorption costin b. Prepare an income statement using variable costing. Townsend Co. Variable Costing Income Statement For the Month Ended January 31 a. Prepare an income statement using absorption costing. a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. b. Prepare an income statement using variable costing. Townsend Co. valiavie cusc or gooas sold: b. Prepare an income statement using variable costing. Townsend Co. Variable Costing Income Statement For the Month Ended Januarv 31 Variable cost of goods sold: Contribution margin Ending inventory, January 31 Manufacturing margin Utilities expense Variable cost of goods sold Fixed costs: b. Prepare an income statement using variable costing. b. Prepare an income statement using variable costing. Townsend Co. b. Prepare an income statement using variable costing. b. Prepare an income statement using variable costing. b. Prepare an income statement usina variahlo manting. b. Prepare an income statement using variable costing. Townsend Co. Variable Costing Income Statement For the Month Ended Januiam, 21 Townsend Co. Variable Costing Income Statement For the Month Ended January 31 Line Item Description Amount Amount Variable cost of goods sold: Fixed costs

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