Bridgeport Centre Inc. sells Frisbees. In 2022, the company produced 3,010,000 units but sold only 2,510,000 units. The unit selling price was $1.60 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials $0.49 Direct labour 0.11 Variable manufacturing overhead 0.20 Variable selling and administrative expenses 0.24 Annual fixed costs and expenses: Manufacturing overhead Selling and administrative expenses $361,200 344,000 Prepare an income statement using absorption costing Prepare an income statement using variable costing