C. Selling and administrative expenses consist of the following. Variable selling and administrative expenses ($2 per unit) Fixed selling and administrative expenses Total selling and administrative expenses 2016 2017 $ 48,000 $ 88,eee 240,eee 240, eee $288,000 $328,888 1. Complete income statements for the company for each of its first two years under variable costing. (Loss amounts shoul entered with a minus sign.) DOWELL Company Variable Costing Income Statements 2016 Net income (los)