Tableau DA 6-3: Mini-Case, Income reporting under absorption and variable costing LO P1, P2 Waltman Company just ended its first year of operations We are hired to help with the company's reporting. The Tableau Dashboard provides data for our analysis. Variable Manufacturing Costs Fixed Overhead Costs Per Year $10 per unit $8 per unit $6 per unit 00000 Prey NOX $4 per unit Selling & Administrative Costs Per Year $2 per unit Fixed $0 per unit Direct materials Direct labor Variable overhead Variable Sales Price Selling Price $100 Per Unit Prey 1 of 1 HH Next Units Produced vs Units Sold Units Sold Units Produced o 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Units *+ableau 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing 3. Assuming the manager's bonus is based on income, which costing method would the manager prefer in the current year? 4. Assuming the manager's bonus is based on minimizing the cost of ending inventory, which costing method would the manager prefer in the current year? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 and 4 Prev 1 12 NAY Reg 1 Req 2 Req 3 and 4 Prepare an income statement for the year using absorption costing. WALTMAN CO. Income Statement (Absorption Costing) For Year Ended December 31 Sales Cost of goods sold (Gross profit 750,000 Income