cost of goods sold. Actual data for 2020 are given as follows: (Click the icon to view the actual data for 2020.) Read the ! Requirement 1. Prepare a 2020 income statement for Baker Company using variable costing. Complete the top half of the income statement first, then complete the bottom portion. (For amo Requirements Data table 1. Prepare a 2020 income statement for Baker Company using variable costing. 2. Prepare a 2020 income statement for Baker Company using absorption costing. 3. Explain the differences in operating incomes obtained in requirements 1 and 2. 4. Baker's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Baker management make to improve such a plan? Explain briefly