Farhan Industries LTD Presents the following information: Units Produced (100% Capacity) 700,000 Sales Price Rs.50 Direct Material Cost Per Unit Rs.16 Direct Labor Cost Per Unit Rs.10 Variable Manufacturing Cost Per Unit Rs.7 Variable Sales Cost Per Unit Rs.4 Fixed Manufacturing Overhead Rs.700,000 Fixed Selling Cost Rs.300,000 Units Sold 600,000 Required: 1) Prepare Income Statement under Absorption Costing. 2) Prepare Income Statement under Marginal Costing.