ONLY SHOW NUMBER 3 PLEASE !!

$ $ 30 15 4 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $400,000 $ 80,000 OK nt During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses variable costing a Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating Income in Year 1 int rences Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Reg 3 Reconcile the difference between variable costing and absorption conting net operating income in Year 1. (Enter any losses or deductions as a negative value) Year 1 Year 2 Variable costing net operating income (loss) $ (360,000) $ (330,000) Add Fixed manufacturing overhead cost deferred in inventory under absorption costing 80,000 Deduct Fixed manufacturing overhead cost released from inventory under absorption costing Absorption costing net operating income (loss)