3 Potato Ltd produces and sells a single product, Opatuo. The following information relates to the product for the year to 31 December, 2019 Production Sales Variable cost per barrel: Production Selling and Distribution Fixed costs: Production 80,000 barrels 55,000 barrels GHC80 GHC25 GHC4,000,000 Administrative and General expenses GHC1,500,000 Selling Price per barrel GHC220 REQUIRED a. Prepare the income statement for the year ended 31 December, 2019 using i. Marginal or Direct costing ii. Absorption costing b. Calculate the contribution/sales ratio (9 marks) (9 marks) (2 marks)