Use the following information below to complete the incomes statement for two years using the Absorption Costing method and the Variable Costing method. Assumptions: Selling price per unit 50 11 Manufacturing Costs: Variable per unit produced: Direct Material Direct Labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and Admin Expenses: Variable per unit sold Fixed per year 120,000 70,000 Year 1 Year 2 Beg Inv 0 2,000 Produced 10,000 6000 Sold 8000 8000 End Inv 2,000 0 Year 1 Year 2 Absorption Costing Sales COGS Gross Margin Variable SG&A Fixed SG&A Net Income Year 1 Year 2 Variable Costing Sales Variable COGS Variable SG&A Contribution Margin Fixed Overhead Fixed SG&A Net Income