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		1,300
Sales price per unit	$	650.00
Direct materials per unit		60.00
Direct labor per unit		90.00
Variable manufacturing overhead per unit		40.00
Fixed manufacturing overhead per unit ($235,000 2,000 units)		117.50
Total variable selling expenses ($10 per unit sold)		13,000.00
Total fixed general and administrative expenses		70,000.00

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.