Exercise 19.9 (Algo) Absorption costing and variable costing income statements LO P Rey Company's only product sells for $226 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 variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using absorption costing. Exercise 199 (Algo) Absorption costing and variable costing income s Rey Company's only product sells for $226 per unit. Data for its first year of operations follo 1. Prepare an income statement for the year using absorption costing 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