Exercise 19-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed beiow] Cool Sty reports the following for its first year of operations. The company produced 42,000 units and 501d34,000 units at a price of $150 per unit. Exercise 19-3 (Algo) Part 2b 2b. Assume the compary uses varioble costing Prepate its income statement for the year under variable costing