Exercise 19.9 (Algo) Absorption costing and variable costing income statements LO P2 Rey Company 5 anly product sells for $229 per unit. Dota for its first year of opetations follow. 1. Prepare on income statement for the year using absorption costing 2. Prepare an income staternent for the vear using variabie costing Complete this question by entering yeur answers in the tobs below. Prepars an income Matement for the vear using absorption costing 2. Prepdre an income statement for the year using absorption cos 2. Prepare an income statement for the year using variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing