2 part question!

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation foliow. Additional Information a. Sales and production data for these first two years follow. b. Varlable costs per unit and fixed costs per year are unchanged during these years. The companys $46 per unit product cost using absorption costing consists of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.) Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow. Additional Information a. Sales and production data for these first two years follow. b. The company's $37 per unit product cost (for both years) using absorption costing consists of the following. Required: Prepare a statement to convert variable costing income to absorption costing income for both years. (Leave no celis blank certain to enter " 0 " wherever required.)