During 2020, Rafael Corp.produced 46,700 units and sold 42,030 for $15 per unit. Variable manufacturing costs were 54 per unit Annual manufacturing head was $84,060 Variable selling and adesinistrative costs were $2 per units, and found selling and administrative operes were $19.400 (a) Your awer is correct Prepare an absorption-costing income statement Rafael Corp Income Statement-Absorption Costing For the Year Ended December 31, 2020 Sales 630450 Cort of good old Beginning intory Cost of goods manufactured 270860 1 Good valable for 27060 Ending Inventory 22038 1 243774 Cromargin 356676 Le Selling and administrative expenses 1034601 Operating Income before tax 23216 Textbook and Media Attempts: 2 of 3 used (b) Reconcile the difference between the net income under variable conting and the net income uncer crption coating That is wa calculation that explaint was cute the clfference in net income between the two portsches Variable coating net income Foed manufacturing overhead conta deferred in ending inventory Absorption costing operating income