Broadway Bio Sciences, Inc. $($BBS$)$ manufactures blood sample testing kits. BBS has been in operation for two years, producing $50,000$ units and selling $40,000$

units in Year $1,$ and producing $30,000$ units and selling $40,000$ units in Year $2.$ The selling price of one unit is $$50.$ Below is additional information related to BBS$\text{'}$s

first two years of operations:

Assuming BBS uses actual costing, identify the following values. Express all answers as positive values regardless of calculations:

$1)$ Complete a variable Income Statement

$2)$ Complete a Absorption Income Statement