Check Walsh Company manufactures and sells one product. The following Information pertains to each of the company's first two years of operations: 20 points eBook Variable costs per units Manufacturing: Direct materials $ 21 Direct labor $ 17 Variable manufacturing overhead $ 4 Variable selling and administrative Fixed costs per year! Fixed manufacturing overhead $320,000 Fixed selling and administrative 90.000 expenses Hint Ask Print During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations. It produced 40,000 units and sold 50,000 units. The selling price of the company's product is $59 per unit. Reference Required: L Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income In Year 1. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req ZA Req 2B Reg 3 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2. Walsh Company Income Statement Year 1 Year 2 Sales Warishlar aynene | Variable selling and administrative 0 0 0 0 Net operating income (Loss) 00 $ 0S 0