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Data table production-volume variance to cost of gocets sold. Actual data for 2020 are given as follows: (Click the icon to view the actual data for 2020.) Read the requirements. Requirement 1. Prepare a 2020 income statement for Horace Company using variable costing. Complete the top half of the income statement first, then complete the bottom portion. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input fiek.) Requirements 1. Prepare a 2020 income statement for Horace Company using variable costing. 2. Prepare a 2020 income statement for Horace Company using absorption costing. 3. Explain the differences in operating incomes obtained in requirements 1 and 2. 4. Horace's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Horace management make to improve such a plan? Explain briefly