I need help with this managerial accounting question...

Exercise 06-3 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 $ 46 per unit Direct labor $ 66 per unit Overhead costs Variable $ 36 per unit Fixed $?,666,886 (per year] Selling and administrative costs for the year Variable $ ??0,383 Fixed $4, 256, 886 Production and sales for the year Units produced 166,886 units Units sold TGJBBB units Sales price per unit $ 356 per unit 1. Prepare an income statement for the year using variable costing. 1 Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the labs below. Required 1 Required 2 Prepare an income statement for the year using variable oosb'ng. Net income {loss} Required 2 > Exercise 06-3 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 40 per unit to te Direct labor 60 per unit Overhead costs Variable 5 30 per unit Fixed $7, 000, 000 (per year) Selling and administrative costs for the year Variable $ Fixed $4, 250, 006 Production and sales for the year Units produced 100, 900 units Units sold 70, 000 units Sales price per unit $ 350 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 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Net income (loss