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theducation.com 19 Homework Exercise 19-3 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 the your follows Manufacturing costs Direct materials Direct labor Overhead costs Variable and strative costs for the year Variable Production and sales for the year Unite pro it wala se perit $ 16.000,00 per year) Selling PO niti 70,000 350 Ft 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: Required 2 Prepare an income statement for the year using variable conting SIMS COMPANY Complete this question by entering your answers in the tabs below. Required 2 Prepare an income statement for the year using variable couting SIMS COMPANY Variable Costing Income Statement Net Income (s) Required 2 > yang absorption costing Complete this question by entering your answers in the tabs below. Required 1 Rered 2 Prepare an income statement for the year wing serption costing SIMS COMINY Absorption Continuament Nous