5. The following information is available for Molloy Corporation: 560 Sales price per unit SS Direct materials per unit S10 Direct labor per unit $12 $3 Variable factory overhead per unit Variable selling and administrative expenses per unit Total fixed selling and administrative expenses $120,000 $140,000 Total fixed manufacturing expenses 20,000 units Manufactured 18,000 units Sold O units Beginning inventory Required: Prepare an income statement: A Full absorption B. Variable costing C. Reconcile the two income statements