Dowell Company produces a single product. its income statements under absorption costing for its first two years of operation follow.

Adelitional Information

a$.$ Sales and production data for these first two years follow.

b$.$ Variable costs per unit and fixed costs per year are unchanged during these years. The company's $$53$ per unit product cost using

absorption costing consists of the following.

c$.$ Selling and administrative expenses consist of the following.

Requlred:

Prepare income statements for each of these two years under variable costing. $($Loss amounts should be entered with a minus sign.$)$