please help with both.

1)current-year income statement for the company using variable costing.

2)current-year income statement for the company using absorption costing.

Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 105,000 units 108,5e8 units 3,500 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,5ee units * $135) Fixed (3,500 units * $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ 472,500 262,500 $ 735, eee $ $ 44 per unit 62 per unit $3,400,000 $7 , 4e , $1,450, eee 4, 600, eee 1. Prepare the current year income statement for the company using variable costing 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Sales Less: Variable costs Beginning inventory: Variable costs Manufacturing costs this year Direct materials Direct labor Variable overhead costs Total variable costs available Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses 0 Total variable costs Contribution margin Less: Fixed expenses Fixed selling and administrative costs Fixed overhead costs Net income (loss) 2. Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) Fixed costs added to subtracted from) inventory