Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 42,000 units, but its production was 72,000 units. It had no beginning finished goods inventory for the current period. DIAZ COMPANY Income Statement (Variable Costing) Sales (42,eee units * $52.ee per unit) $2,184, eee Variable expenses Variable manufacturing expense (42,eee units * $27.20 per unit) 1,142,400 Variable selling and admin. expense (42,eee units * $4.20 per unit) 176,488 Total variable expenses 1,318,8ee Contribution margin 865,200 Fixed expenses Fixed overhead 230,400 Fixed selling and administrative expense 115,2ee Total fixed expenses 345,6ee Net income $ 519,600 1. Convert Diaz's variable costing Income statement to an absorption costing income statement. 2. Fill in the blanks: Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing income statement. DIAZ COMPANY Absorption Costing Income Statement Selling general and administrative expenses Net income (loss) Required 2 > ROTON Required 1 Required 2 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) fixed overhe lunits The dollar difference in variable costing income and absorption costing income Red