Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: $ 2,200 1,350 720.00 65.00 95.00 45.00 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 ($261,360 = 2,200 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses 118.80 14,850.00 83,000.00 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 $ 972,000 Less: Cost of Goods Sold Gross Margin Less: Selling Expense General and Administrative Expense 14,850 83,000 Net Operating Income Presidio, Inc. Contribution Margin Income Statement Sales revenue 972,000 Less: Variable Manufacturing Costs Contribution margin Less: Fixed Manufacturing Costs Fixed General and Administrative Expense 261,360 83,000 Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing. Difference in Profit