E$5-23($Algo$)$ Comparing Full Absorption Costing and Variable Costing $[$LO $5$S$-1]$

The following information pertains to the first year of operation for Crystal Cold Coolers Incorporated:

Number of units produced $2,900$

Number of units sold $2,500$

Unit sales price $ $350$

Direct materials per unit $ $60$

Direct labor per unit $ $40$

Variable manufacturing overhead per unit $ $11$

Fixed manufacturing overhead per unit $($$$188,500-$:$2,900$ units$)$ $ $65$

Total variable selling expenses $($$$12$ per unit sold$)$ $ $30,000$

Total fixed general and administrative expenses $ $57,000$

Required:

Prepare Crystal Cold$$s full absorption costing income statement and variable costing income statement for the year.