Exercise $19-9($Algo$)$ Absorption costing and variable costing income statements LO P$2$

Rey Company's only product sells for $\backslash (\backslash$$ $217\backslash )$ per unit. Data for its first year of operations follow.

$1.$ Prepare an income statement for the year using absorption costing

$2.$ Prepare an income statement for the year using varlable costing.

Complete this question by entering your answers in the tabs below.

Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below.

Required $2$

Prepare an income statement for the year using variable costing.

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$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{$ REY COMPANY $\}\backslash \backslash$

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$\backslash$end$\{$tabular$\}$