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 ($322,110 +2,700 2,700 1,600 S 770.00 65.00 95.00 45.00 units) Total variable selling expenses ($10 per unit sold) Total fixed general and administrative expenses 119.30 16,000.00 88,000.00 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 Less: Cost of Goods Sold Gross Margin General and Administrative Expense Less: Selling Expense Net Operating Income Presidio, Inc Contribution Margin Income Statement Sales revenue Less: Variable Manufacturing Costs Variable Selling Expenses Contribution margin Less: Fixed Manufacturing Costs Fixed General and Administrative Expense Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing Difference in Profit