Daniel's Trains sells train kits for children with a selling price of $25 per kit. You are given the following information about the manufacturing costs for each kit: 50,000 kits were produced this year, and 40,000 kits were sold. Part 1: Using the information above, prepare a direct or contribution margin income statement. (round to the nearest whole dollar, with no decimal places) Part 1: Using the information above, prepare a direct or contribution margin income statement. (round to the nearest whole dollar, with no decimal places) Part 2: Using the information above, prepare an absorption (or GAAP) income statement. (round the the nearest whole dollar, with no decimal places)