Answer the attached question.

Q:- The Denton Company produced 24000 units of product during the first quarter of the year 2018. 20000 units were sold Rs 22 per unit. The costs of this product were:- Materials......... RS 60000 Direct labor... 60000 Factory Overhead:- Variable cost... 120000 Fixed cost.. 96000 Marketing and administrative expenses for the quarter total Rs 70000; all are fixed expenses. Required:- 3. An income statement using absorption costing 4. An income statement using direct costing