Adeline Manufacturing manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare an income statement for the upcoming year using variable costing Adeline Manufacturing Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 More info Loss: Less Requirement 2. Prepare an income statement for the upcoming year using absorption costing Adeline Manufacturing Income Statement (Absorption Costing) For the Year Ended December 311 Sales price per unit $47 Variable manufacturing costs per unit manufactured (DM, DL and variable MOH) $23 Variable operating expenses per unit sold $1 Fixed manufacturing overhead (MOH) in total for the year $228,000 Foxed operating expenses in total for the year $46,000 Units manufactured during the year 19,000 units Units sold during the year 17,000 units Print Done