3. The following information was extracted from the accounting records of Indiana Manufacturers for the year ended 31 March 2009: Indiana Manufacturers uses the first-in-first-out method of stock valuation. Required 3.1 Prepare the Income statement for the year ended 31 March 2009 using the marginal costing method. 3.2 Prepare the Income statement for the year ended 31 March 2009 using the absorption costing method 3.3 Explain why the net profit according to the absorption costing method is greater than the marginal costing method