1:16 EMA Management Accounting Cha... 2) Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: During its first year of operations, Haas produced 40,000 units and sold 40,000 units. During its second year of operations, it produced 55,000 units and sold 30,000 units. The selling price of the company's product is $66 per unit. Required: 1. Compute the company's break-even point in both units and $ sales. 2. Assume the company uses variable costing: Prepare an income statement for Year 1, Year 2, 3. Assume the company uses absorption costing: Prepare an income statement for Year 1, Year 2, Haas Company Absorption Costing Income Statement Year 1 Year 2 Sales Cost of goods sold Gross margin (Contribution margin) Selling and administrative expenses Net operating income (loss)