(20 Marks) REQUIRED Use the information provided below to answer the following questions: 2.1 Prepare the Income Statement of Clermont Manufacturers for August 2022 using the marginal costing method. ( 9 marks) 2.2 Prepare the Income Statement of Clermont Manufacturers for August 2022 using the absorption costing method. ( 8 marks) 2.3 Reconcile the profit calculated according to absorption costing (in question 2.2 ) with the profit calculated according to marginal costing (in question 2.1). (3 marks) The following information relates to the only product produced by Clermont Manufacturers durinn Aunuet onos. 2.1 MARGINAL COSTING METHOD CLERMONT MANUFACTURERS INCOME STATEMENT FOR THE MONTH ENDED 31 AUGUST 2022 Workings Sales Less: Variable cost Marginal income Less: Fixed costs Net profit 2.2 ABSORPTION COSTING METHOD CLERMONT MANUFACTURERS INCOME STATEMENT FOR THE MONTH ENDED 31 AUGUST 2022 Workings (if any) R Sales Less: Manufacturing cost of sales Gross profit Less: Other costs Net profit