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Sims Company, a manufacturer of become on 1.200 follows 19 20 21 0 tale Det Odont Solidarie sosta ty Valable TA Production des to the se Units produced 11.050.00 1. Prepare an income statement for the year using variable conting 2. Prepare an income statement for the year using absorption costing 19.95 5,250,00 166.96 79,00 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using variable conting SIMS COMPANY Variable Costing Income Statement Not income (105) Required 2 > mpany, manufacturer of oblet computers, began operations on January 1, 2019 Sllows Manufacturing costs Direct materials Direct Labor Overhead costs Variable Pixed Selling and administrative conts for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit 35 Det 55 Deri 30 Det $7,000,000 per year) 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing. $750,000 $4,250,000 100,000 units 70,000 units 350 per nie Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Compara manter og press follow : 19 20 21 HD Dit is DE LE Overhemd Senaste tye Vara od Podation and for the year Dette produse Units sold sales price is 17.1. 1. Prepare an income statement for the yent using ang 2. Prepare an income statement for the yearsingtosotion costing . Complete this question by entering your answers in the latesben Required Required 2 Prepare an income statement for the year using boring SIMS COMPANY Absorption Costing Income State Not income (los) (Required 1