Please answer the question in the same chart format. It makes it easier for me to understand. Thank you!!!!

Rey Company's single product sells at a price of $229 per unit. Data for its single product for its first year of operations follow. tota 33 per unit 41 per unit Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold tota 11 per unit $ 351,000 per year to to 31 per unit $ 226,000 per year 27,000 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 1 Required 2 Prepare an income statement for the year using absorption costing. REY COMPANY Absorption Costing Income Statement Sales 61,830,000 Less: Cost of goods sold Total fixed costs Gross margin Net income (loss) Required 1 Required 2 >