Required information Exercise 6-11 (Algo) Absorption costing and variable costing income statements LO P2 [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. Exercise 6-11 (Algo) Part 1 1. Prepare the current-year income statement using variable costing. Required information Exercise 6-11 (Algo) Absorption costing and variable costing income statements LO P2 [The following information applies to the questions displyyed befow] Oak Mart, a producet of solid oak tables, reports the following date from is fist yoor of buniness. Exercise 6-11 (Algo) Part 2 2. Prepare the current-year income statement using absorption costing