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Patterson Inc's income statement, using absorption costing is as follows: Sales $125,000 COGS82.500 Gross Margin...

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Patterson Inc's income statement, using absorption costing is as follows: Sales $125,000 COGS82.500 Gross Margin 42,500 Operating expenses 12,000 Operating income $30,500 Patterson produced 3,000 units and sold 2,500 units. The company shows a cost per unit for variable manufacturing costs of $20 per unit and $1 per unit for variable operating expenses. Prepare the income statement using variable costing

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