20. (10 points) Diaz Company sells its product for $28.00 per unit. For the first year of operations Diaz produced 100,000 units and sold 75,000 units. In year 2 Diaz produced 93,750 units and sold 90,000 units. Other information includes: Direct Material cost per unit Direct Labor cost per unit Variable Manufacturing cost per unit Variable Sell & Admin cost per unit Fixed Manufacturing costs Fixed Sell & Admin costs Year 1 Year 2 $12.00 $12.00 $ 4.00 $ 4.00 $ 2.00 $ 2.00 $ 3.00 $ 3.00 $375,000 $370,000 $135,000 $135,000 There was no Beginning inventory for Year 1. a. Prepare Income Statements for each year (Year 1 and Year 2) based on Full Costing.