EQUIRED Prepare the Income Statement of Abbey Limited for the month ended 31 March 2023 using the following methods: 2.1 Absorption costing (11 marks) 2.2 Variable costing (9 marks) INFORMATION The following information was extracted from the accounting records of Abbey Limited for the month ended 31 March 2023: Inventory on 01 March 2023 Nil Production 50 000 units Sales 40 000 units Selling price per unit R200 Manufacturing costs: Fixed manufacturing overheads costs R480 000 Direct materials cost per unit R40 Direct labour cost per unit R24 Variable manufacturing overheads costs per unit R16 Marketing costs: Advertising R32 000 per month Sales personnels salaries and commission R36 000 per month plus 5% of sales Delivery costs R24