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 ($319,140 2,700 1,650 $ 660.00 80.00 110.00 60.00 2,700 118.20 units) Total variable selling expenses (511 per unit sold) Total fixed general and administrative expenses 18,150.00 77,000.00 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. Beginning Inventory Contribution Margin Ending Inventory General and Administrative Expense Interest Expense Less: Selling Expense Net Income After Taxes Sales Full Absorption Income Statement Less: Cost of Goods Sold Gross Margin Net Operating Income Beginning Inventory Cost of Goods Sold Ending Inventory Fixed General and Administrative Expense Fixed Manufacturing Overhead Interest Expense Less: Fixed Manufacturing Costs Less: Variable Manufacturing Costs Net Income After Taxes Sales revenue Variable Selling Expenses Presidio, Inc. Contribution Margin Income Statement Contribution margin Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing ifference in Profit