Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($307.060 - 2.600 units) Total variable selling expenses (S10 per unit sold) Total fixed general and administrative expenses 2,600 1,600 $ 650.00 75.00 105.00 55.00 118.10 16,000.00 76,000.00 Required: 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Sales $ 1,040,000 Beginning Inventory Less: Cost of Goods Sold Gross Margin Net Operating Income Presidio, Inc. Contribution Margin Income Statement