Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow. Variable Costing Income Income Additional Information Year 1 $ 41,000 Year 2 $ 590,000 a. Sales and production data for these first two years follow. Units Units produced Units sold Year 1 42,100 31,000 Year 2 42,100 53,200 b. The company's $37 per unit product cost (for both years) using absorption costing consists of the following. Direct materials Direct labor Variable overhead Fixed overhead ($410,000/41,000 units) Total product cost per unit Required: $ 7 11 9 10 $ 37 Prepare a statement to convert variable costing income to absorption costing income for both years. (Leave no cells blank - be certain to enter "0" wherever required.) Dowell Company Convert Variable Costing Income to Absorption Costing Income Year 1 Year 2 Variable costing income $ 41,000 $ 590,000 Absorption costing income