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

Income Statements $($Absorption Costing$)$

Sales $($$$62$ per unit$)$

Cost of goods sold $($ $$49$ per unit$)$

Gross profit

Seling and administrative expenses

Income

$\backslash$table$[[$Year $1,$Year $2],[$$$1,860,000,$$$4,464,000$