Aspen Incorporated has the following information for its first year of operations:

Units produced $3,600$

Units sold $3,600$

Unit sales price $200$

Direct material per unit $60$

Direct labor per unit $30$

Variable manufacturing overhead per unit $30$

Fixed manufacturing overhead $115,200$

Variable selling expenses per unit $15$

Fixed selling and administrative expenses $65,000$

Required:

Prepare Aspen's full absorption costing income statement.

Prepare Aspen's variable costing income statement. Omit Per Unit and Percent of Sales columns.