3. Assume the company uses apsorption costing: 3. Compute the unit product cost for Year 1, Year 2, and Year 3. . Prepare an income statement for Year 1, Year 2, and Year 3. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reqi Reg 2A Reg 2A Reg 2B Reg 2B Req 3A Req 38 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your intermediate calculations to 2 decimal places.) Sales /S Haas Company Absorption Costing Income Statement Year 1 Year 2 3,120,000 2.600.000 Cost of goods sold 2,730,000 2,230,000 Gross margin 390,000 370,000 Selling and administrative expenses 180,000 X 150,000 X Net operating income (loss) $ 210,000 $ 220,000 Year 3 $ 3,380,000 3,025,000 355,000 195,000 X $ 160,000