Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidios most recent year of operations follows:

Number of units produced		2,000
Number of units sold		1,250
Sales price per unit	$	700.00
Direct materials per unit		55.00
Direct labor per unit		85.00
Variable manufacturing overhead per unit		35.00
Fixed manufacturing overhead per unit ($237,200 2,000 units)		118.60
Total variable selling expenses ($15 per unit sold)		18,750.00
Total fixed general and administrative expenses		81,000.00

Required :
2.	Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory.

3.	Compute the difference in profit between full absorption costing and variable costing.