Fanning Company incurred manufacturing overhead cost for the year as follows: Ine company produced 1,400 units and sold 900 of them at $181.50 per unit. Assume that the production manager is paid a 1 perce bonus based on the company's net income. Required a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. c. Determine the manager's bonus using each approach, Which approach would you recommend for internal reporting? Complete this question by entering your answers in the tabs below. Prepare an income statement using absorgtion costing. Prepare an income statement using absorption costing. Prepare an income statement using variable costing. a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. c. Determine the manager's bonus using each approach. Which approach would you recommend for internal reporting? Complete this question by entering your answers in the tabs below. Determine the manager's bonus using each approach. Which approach would you recommend for internal reporting? (Round your intermediate calculations and final answers to the nearest whole dollar amount.)