5 E Exercise 19-3 Income reporting under absorption costing and variable costing LO P2 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows Manufacturing costs Direct materials Direct Tabor Overhead costs Variable 35 per unit 55 per unit 4 per unit $6,300.000 per year) Selling and ministrative costs for the Variable Fixed Production and sales for the year Units produced $ 750. $4.500.000 105.000 units 75,000 units 360 per unit Sales price per unit 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing Complete this question by entering your answers in the tabs below. Required Prepare an income statement for the year using absorption costing SIMS COMPANY Absorption co n come Statement Complete this question by entering your answers in the tabs below Required 2 loja Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement (Reged