Cococan Enterprise produces and sells a candy made from coconut-based. The products are sold in box. The following data have been extracted from its budget and standard cost for the year 2021. RM 7 8 2 RM 6 Selling price per box 40 Manufacturing cost: Variable cost per box: Direct materials Direct labour Variable overhead Fixed production overhead costs are budgeted at RM180,000 per annum. Normal production levels are expected to be 20,000 boxes per annum. Budgeted selling and administrative costs are as follows: Variable per box sold Fixed per year 30,000 During the year 2021, the data of sales are as follows: Units Units in the beginning inventory 0 Unit produced during the year 10,000 Unit sold 8,000 Required: a Prepare income statement for the year ended 2021 for Cococan Enterprise under: i. Marginal Costing Method (10 marks) ii. Absorption Costing Method. (15 marks)