During the year, the company produced 36,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Boo Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. Print b. Prepare an income statement for the year. References Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 24 Req 2B Prepare an income statement for the year. Assume that the company uses absorption costing. Lynch Company Absorption Costing Income Statement C raw