Walsh Company manufactures and sells one product. The following information pertains to each of the companys first two years of operations: Image During its first year of operations, Walsh produced units and sold units. During its second year of operations, it produced units and sold units. The selling price of the companys product is $ per unit.

Assume the company uses variable costing: Prepare an income statement for Year and Year

Assume the company uses absorption costing:b Prepare an income statement for Year and Year