Check my 3 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales Information for this year follows Hanutacturing costs Direct materials Direct labor Overhead costs Variable 30 Per 50 Der unit unit 20 per unit 38,000,00 (per year Fixed Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Usts Sold 5775,000 $5,000,000 100,000 units 70,000 units Chapter 19 Graded Exercises Saved Help Save & EX Submit Check my worke 3 units sold Sales price per unit $ 70,000 units 360 per unit 4 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing. Book Hint Complete this question by entering your answers in the tabs below. Retences Required 1 Required 2 Prepare an income statement for the year using variable costing SMS COMPANY Variable Costing Income Statement Check my 3 4 points Book Hint Suderences Net income foss) Required 2 > Chapter 19 Graded Exercises Saved Help Save & Exit su Check my we 3 Required 1 Required 2 Prepare an income statement for the year using absorption casting. SIMS COMPANY Absorption Costing Income Statement 4 points BOOK Hint Reference Mc E Check my work 3 Absorption asung income statement 4 points Bock Print References Net income (los) Required 1