variable and absorption. please help me answer all of the below. show steps. thank you!

Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Trenton Products, $20,000,000 5,250,000 4,200,000 Sales (200,000 units) Production costs (210,000 units) Direct material Direct labor Manufacturing overhead: Variable Fixed Operating expenses: Variable Fixed 3,150,000 2,625,000 1,400,000 1,600,000 a. Prepare an income statement based on full absorption costing. Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable. Absorption Costing Income Statement Sales $ 20,000,000 Cost of Goods Sold: Beginning Inventory $ 0 Direct materials 5,250,000 Direct labor 4,200,000 Manufacturing overhead 5,775,000 Less: Ending Inventory (725,000) x Cost of Goods Sold 14,500,000 Gross profit 5,500,000 Operating expenses 3,000,000 Net Income (Loss) $ 2,500,000 . b. Prepare an income statement based on variable costing. Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable. Variable Costing Income Statement Sales $ 20,000,000 Variable cost of Goods Sold: O Type here to search H O W DI b. Prepare an income statement based on variable costing. Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable. $ 20,000,000 1