Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow. Variable Costing Income Year 1 Year 2 Income $ 42,060 $ 600,000 Additional Information a. Sales and production data for these first two years follow. Units Year 1 Year 2 Units produced 43, 200 43, 200 Units sold 32, 006 54, 400 b. The company's $31 per unit product cost (for both years) using absorption costing consists of the following. Direct materials $ Direct labor Variable overhead Fixed overhead ($420,000/42, 060 units) 10 Total product cost per unit $ 31 Required: Prepare a statement to convert variable costing income to absorption costing income for both years. Note: Leave no cells blank - be certain to enter "O" wherever required. Dowell Company Convert Variable Costing Income to Absorption Costing Income Year 1 Year 2 Variable costing income $ 42,000 $ 600,000 Absorption costing income