Check my work Sims Company began operations on Januaryt its cost and sales formation for this year foto. DLrect waterials per unit Direct 5 per unit Verbeveral port verhead 5.40, yar wale wind 111 in the 54,250,000 its produced 105,000 units uits and 75.00 Sales price Serwis 1. Prepare an income statement for the year wing variable costing 2. Prepare an income statement for the year using absorption costing Complete this gamton by entering your answers in the tabs below Prepare an income atment for the year using the conting COMINY Cesting Na 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing SIMS COMPANY Income Statement (Absorption Costing)