Complete this question by entering your answers in the tabs below. Req 1B Req 1A Prepare an income statement for Year 1, Year 2, and Year 3 O'Brien Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales Variable expenses: Variable selling and administrative Variable cost of goods sold Total variable expenses 0 Contribution margin 0 0 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 0 Total fixed expenses 0 $ $ 0 Net operating income Rea 1A 3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. Req 3B Req 3A Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Product Cost Year 1 Year 2 Year 3 Reg 28 3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) O'Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 0 0 0 $ S Novt