Question: Please answer the question in the same table format as you can see the one in the pic Splish Company produces plastic that is used

 Please answer the question in the same table format as you

Please answer the question in the same table format as you can see the one in the pic

Splish Company produces plastic that is used for injection-moulding applications such as gears for small motors. In 2022, the first year of operations, Splish Company produced 4,300 tonnes of plastic and sold 2,795 tonnes. In 2023, the production and sales results were exactly reversed. In each year, the selling price per tonne was $2,000; variable manufacturing costs were 14% of the sales price for the units produced; variable selling expenses were 10% of the selling price of the units sold; fixed manufacturing costs were $2,795,000; and fixed administrative expenses were $541,800. Prepare comparative income statements for each year using absorption costing. (Use the format from Illustration 8.4.) SPLISHCOMPANY Income Statement-Absorption Costing For the Years Ended December 31 2022 2023 Number of units produced 1300 2795 Number of units sold 2795 4300 Sales 5,590,000 $ 8,600,000

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