Prepare income statements under absorption costing and variable costing. E8.17 (LO 1) Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows: Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Selling price Units produced Units sold $40 per shade $100,000 $9 per shade $250,000 $90 per shade 10,000 shades Instructions a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. 8,500 shades