Required information Exercise $6-11($Algo$)$ Absorption costing and variable costing income statements LO P$2$ Skip to question $[$The following information applies to the questions displayed below.$]$ Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit $ $405$ per unit Units produced this year $133,000$ units Units sold this year $133,000$ units Variable selling and administrative expenses $ $29$ per unit Fixed selling and administrative expenses $ $4,685,000$ per year Direct materials $ $57$ per unit Direct labor $ $79$ per unit Variable overhead $ $45$ per unit Fixed overhead $ $10,108,000$ per year rev: $11\_12\_2021\_$QC$\_$CS$-282603,01\_18\_2022\_$QC$\_$CS$-290728$ Exercise $6-11($Algo$)$ Part $11.$ Prepare the current$-$year income statement using variable costing. $2.$ Prepare the current$-$year income statement using absorption costing.