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Saved Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $230 per unit. Data for its single product for its first year of operations follow. 34 per unit 42 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold $ 1e per unit $ 318, eee per year 32 per unit $ 228, eee per year 26,5ee units 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing. Complete this question by entering your answers in the tabs below. Required the Required 2 Prepare an income statement for the year using absorption costing. REY COMPANY Absorption Costing Income Statement 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 REY COMPANY Absorption Costing Income Statement Net income (loss) Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using variable costing. REY COMPANY Variable Costing Income Statement Net income (loss) ( Required 1 Required 2