please help with both.

1)prepare an income statement for the year using variable costing.

2)prepare an income statement for the year using absorption costing.

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows $ $ 40 per unit se per unit Manufacturing costs Direct materials Direct labor Overhead costs Variable Fixed selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold sale price pecunst s 3e per unit $7,000,000 (per year) $ 8ee,eee $4.ee,eee 100.cee units 70.000 units 350 per unit 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Net income (loss) Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Net income (loss)