Question: need help asap with a) question a is just one whole income statement provided with the drop down list names The Horny Company manufactures and

need help asap with a) question a is just one whole income statement provided with the drop down list names

need help asap with a) question a is just one whole incomestatement provided with the drop down list names The Horny Company manufacturesand sells personal organizers. The following are the operating data for thecompany for 2021 and 2022: 2021 2022 Units produced 62.400 52,000 Units

The Horny Company manufactures and sells personal organizers. The following are the operating data for the company for 2021 and 2022: 2021 2022 Units produced 62.400 52,000 Units sold 56,160 56,160 Selling price per unit $285.00 $285.00 Variable costs per unit Direct materials $85.00 $85.00 Direct labour 45.00 45.00 Variable overhead 40.00 40.00 Selling expenses 35.00 35.00 Fixed manufacturing overhead (total) $2,620,800 $2,620,800 Fixed selling and administrative expenses (total) $312,000 $312,000 There was no beginning inventory on January 1, 2021. The company used the FIFO method to calculate the cost of inventories. Ignore income taxes.\f(a) Prepare income statements for 2021 and 2022 using the absorption-costing method. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 125.) HORNYCOMPANY Absorption-Costing Income Statement v 2021 2022 Sales in units S S Cost of goods sold Manufacturing overhead Sales Gross profit Net income Cost of goods manufactured Operating expenses $ $ Contribution margin Cost of goods available for sale Selling and administrative costs e Textbook and Media

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