$5 per unit Trez Company has the following information for 2019, its first year of operations: Units produced 100,000 Units sold 80,000 at $50 per unit Manufacturing costs: Direct materials Direct labor $14 per unit Variable manufacturing overhead $2 per unit Fixed manufacturing overhead $900,000 total Selling & administrative expenses Variable selling & administrative expenses $2.25 per unit Fixed selling & administrative expenses $350,000 total Answer the following questions to complete the variable costing income statement. Items in the first (left) column should be answered with words. Items in the other three columns should be answered as a numerical amount. Do not use dollars signs or commas in any of the numbers. If a number needs to be shown as negative, use parenthesis, but do not use a minus sign Below is a word bank. You may not need some words from the word bank. You may not abbreviate except as shown below. Type the words exactly as shown Sales Rent Revenue Cash Accounts Receivable Direct Materials Direct Labor Indirect Materials Indirect Labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling & administrative expenses Fixed selling & administrative expenses Contribution margin for profit Jestion Completion Status: Gross profit Beginning inventory Plus Ending inventory Less Ending inventory Net income Net loss Trez Company Income Statement (Variable Costing) Year Ended December 31, 2019 4000000 Sales 0 Beginning inventory Variable cost of goods manufactured: Direct Materials 500000 Direct Labor 1400000 Variable manufacturing 200000 Variable cost of goods available for sale 2100000 Save UITec Labor 1400000 Variable manufacturini 200000 Variable cost of goods available for sale 2100000 Less Ending inventory (420000) Variable cost of goods sold (1680000) Variable selling & admi (225000) 2095000 Contribution margin Fixed expenses: Fixed manufacturing 900000 Fixed selling & adminis 350000 Total fixed expenses (1250000) Net income 845000