Dowell Company produces a single product. Its income statements under absorption costing for its first two years: of operation follow. Additional lnformation o. Sales and production data for these lirst two years follow. b. Varlable costs per unit and fixed costs per year are unchanged during these years. The compuny's $45 per unif product cost using absorption costing consists of the following. c. Seilling and administrative expenses consist of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under varlable costing. (Loss amounts should be entered with a minus sign.)