Cosmos Enterprises has the following information: Selling Price per Unit $90 Per Unit Variable Production Costs: Direct materials $14 $25 Direct labor Variable overhead $8 Fixed Production Costs $280,000 per Year $2 Per Unit Variable Selling Costs Fixed Selling and Admin Costs per Year $140,000 14,000 units were produced during the year. Part A: Prepare variable costing income statements assuming: Case 1: 14,000 units are sold Case 2: 12,000 units are sold Case 3: 15,000 units are sold Case 3: 15,000 units are sold Case 1 Case 2 Case 3 Sales Variable Costs Contribution Margin Fixed Costs Net Income Part B: Prepare absorption costing income statements assuming: Case 1: 14,000 units are sold Case 2: 12,000 units are sold Case 3: 15,000 units are sold Case 1 Case 2 Case 3 Sales Cost of Goods Sold Fixed Costs Net Income Part B: Prepare absorption costing income statements assuming: Case 1: 14,000 units are sold Case 2: 12,000 units are sold Case 3: 15,000 units are sold Case 1 Case 2 Case 3 Sales Cost of Goods Sold Gross Profit Selling and Admin Net Income