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: Year 1 Year 2 Direct Material cost per unit $ 12.00 $ 12.00 Direct Labor cost per unit $ 4.00 $ 4.00 Variable Manufacturing cost per unit $ 2.00 $ 2.00 Variable Sell & Admin cost per unit $ 3.00 $ 3.00 Fixed Manufacturing costs $ 375,000 $ 370,000 Fixed Sell & Admin costs $ 135,000 $ 135,000 a. There was no Beginning inventory for Year 1. Prepare Income Statements for each year (Year 1 and Year 2) based on Full Costing