A manufacturer reports the following information for the past three years. Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit Units in inventory. (Amounts to be deducted should be indicated with a minus sign.) [The following information applies to the questions displayed befow] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $110 per unit. 2b. Assume the company uses varlable costing. Prepare its income statement for the year under variable costing