answer both sections

Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,050 kayaks and sold 800 at a price of $1,050 each. At this first year-end, the company reported the following income statement Information using absorption costing $ Sales (800 $1,858) Cost of goods sold (800 $450) Gross sargin Selling and administrative expenses Net income 840,000 36e, eee 480, eee 210,000 270,000 Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fixed production cost-the latter amount is based on $105,000 of fixed production costs allocated to the 1.050 kayaks produced b. The $210,000 in selling and administrative expense consists of $85.000 that is variable and $125,000 that is fixed. Required: 1. Prepare an income statement for the current year under variable costing. 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Prepare an income statement for the current year under variable costing. KENZI KAYAKING Variable Costing Income Statement Net income (loss) Fbced costs added to inventory Required 2 > Additional Information a. Product cost per kayak totals $450, which consists of $350 in variable production cost and $100 In fixed production cost-the latter amount is based on $105,000 of fixed production costs allocated to the 1,050 kayaks produced. b. The $210,000 in selling and administrative expense consists of $85,000 that is variable and $125.000 that is fixed. Required: 1. Prepare an income statement for the current year under vartable costing, 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required: Required 2 Fill in the blanks: The dollar o ference in variable costing income and absorption con income units Roxed Overhead per unit