Please solve this question it's version 2

Highfax Inc, manufactures a small part that is widely used in various electronic products. Operating results for the first three years of operation are as followw Produetion and salec ilata far tha throm anar naniod wara ac follows Additional information: 1. The company plant is highly automuted. Variable manufacturing costs total $2 per unit. Annual fixed manufacturing overhead is $360,000. 2. Variable selling and administrative expenses were $3 per unit sold. Annual fixed selling and administrative expenses totaled $100,000 annual. 3. The above costs stayed constant across the three years and the company uses a FIFO inventory flow assumption. Required: 1. Compete the traditional income statement above for year 3 . 2. Compete the following NOI Reconcile table (show full details how you calculated the deferred and released amounts for any credit). Highfax Inc, manufactures a small part that is widely used in various electronic products. Operating results for the first three years of operation are as followw Produetion and salec ilata far tha throm anar naniod wara ac follows Additional information: 1. The company plant is highly automuted. Variable manufacturing costs total $2 per unit. Annual fixed manufacturing overhead is $360,000. 2. Variable selling and administrative expenses were $3 per unit sold. Annual fixed selling and administrative expenses totaled $100,000 annual. 3. The above costs stayed constant across the three years and the company uses a FIFO inventory flow assumption. Required: 1. Compete the traditional income statement above for year 3 . 2. Compete the following NOI Reconcile table (show full details how you calculated the deferred and released amounts for any credit)