Delightful Eats produces vegan gummies for its customers. The following information relates to the production of the bottles of vegan gummies for the period ending 30 June 2019. The fixed production overhead was absorbed at a pre-determined rate per unit produced. One bottle of vegan gummy was sold for $160. At the beginning of May 2018, there was opening inventory of 1,350 units valued at $81,000; this includes fixed production overhead of $13,500. Required: a) Prepare a marginal costing income statement for the company clearly showing the treatment of inventory for the period ending June 30, 2019. (7 marks) b) Prepare an absorption costing income statement for the company. (11 marks) c) Reconcile the income under both statements. (3 marks) d) Distinguish between variable costing and absorption costing. (4 marks)