Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow. Variable Coating Income Year 1 Year 2 Income $ 40,000 5 550,000 Additions! Information a. Sales and production data for these rst two years follow. Units Year ]. Year 2 Units produced 111,000 41,000 Units sold 30,000 52,000 b. The company's $34 per unit product cost [for both years) using absorption costing consists of the following. Direct materials $ 5 Direct labor 10 Variable overhead B Fixed overhead [$400,000MU,000 units) 10 Total product cost per unit: $ 34 Required: 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.) Required: 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.) Variable ousting income $ 40.000 $ 580.000 Absorption costing income