2 25 points Skipped Rey Company's only product sells for $226 per unit. Data for its first year of operations follow. $ 30 per unit $ 38 per unit $ 14 per unit 3 456,000 per year $ 28 per unit $ 220,000 per year 28,500 units Direct materials Direct-labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced and sold 1. Prepare an Income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing. ad Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing. REY COMPANY Income Statement (Absorption Costing) S D Required 2 >

Roy Company's only product selis for $226 per unit. Data for ins first year of operations follow. 1. Piepare an income stitomert for the year ualing absorpton costing 2. Prepare an income statomont for the year uting vanable costing. Complete this question by entering your anowers in the tabs below. Proart an incume itatement for the year ving absorptopen costing