Hello can someone please help me with this one. Thanks!

Required information Exercise 19-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $110 per unit. DirectmaterialsDirectlaborVariableoverheadFixedoverheadVariablesellingandadministrativeexpensesFixedsellingandadministrativeexpenses$42perunit$16perunit$5perunit$360,000peryear$11perunit$105,000peryear Exercise 19-3 (Algo) Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing