Ace Corporation has the following information in its first year of operations in 201A: Units produced 20,000 Units sold 19,000 Selling price per unit P150 Direct material costs 20 Direct labor 15 Variable manufacturing overhead 50 Variable selling costs 20 Fixed manufacturing costs P460,000 Fixed administrative costs 280,000 Required: Prepare an income statement under (1) absorption costing, (2) variable costing, and (3) throughput costing