Problem 19-2A Variable costing income statement and conversion to absorption costing income LO P2, P3 Trez Company began operations this year. During this first year, the company produced 100.000 units and sold 80,000 units. The absorption costing income statement for this year follows. J, 600,000 Gale (80,000 units X 645 per unit) Cout of goodo sold Beginning inventory Cost of goods manufactured (100,000 units 525 per unit) Coat of goods available for sale Ending Laventory (20.000 925) Cont of goods sold Grous margin Selling and administrative exponse Net Income 2,500,000 2,500,000 500.000 2.000.000 1.600.000 580,000 91020.000 Additional Information 3. Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses b. The company's product cost of $25 per unit is computed as follows Direct materiais Direct labor Variable overhead Fixed overhead (9000.000 100.000 units 54 por unit per unit 3 por ULL 39 per un Required: 1. Prepare an income statement for the company under vatlable costing 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the company under variable costing. TREZ Company Variable Costing Income Statement Net income (loan) Required Required 1 Required 2 Fill in the blanks The dollar dilforence in variable costing income and absorption costing income units fised overhead per unit gured