Any help would be appreciated. Thank you!

Borunda Corporation has provided the following data for its two most recent years of operation: Selling price per unit $83 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $9 Direct labor $7 Variable manufacturing overhead $3 Fixed manufacturing overhead per year $360,000 Selling and administrative expenses: Variable selling and administrative expense per unit 6 sold $ Fixed selling and administrative expense per year $77,000 Year 1 Year 2 Units in beginning inventory 0 2,000 Units produced during the year 10,000 12,000 Units sold during the year 8,000 12,000 Units in ending inventory 2,000 2,000 Required: A. Assume that the company uses absorption costing and that the oldest units in inventory (units in beginning inventory) are sold rst. Prepare an income statement for each year. B. Assume that the company uses variable costing and that the oldest units in inventory (units in beginning inventory) are sold rst. Prepare an income statement for each year. C. Reconcile the variable costing and absorption costing net incomes for each year