Following is the revenue and cost data for Barian Ltd. in the manufacturing of luxury shower curtains for the year ended December 31, 2020: Variable manufacturing costs $35 per curtain Fixed manufacturing overhead $86,500 Variable selling and administrative expenses $6 per curtain Fixed selling and administrative expenses $184,600 Selling price $85 per curtain Units produced and sold 8,650 Prepare an income statement using absorption costing. Barian Ltd. Income Statement For the Year Ended December 31, 2020 Absorption Costing Sales Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Net Income / (Loss) v Prepare an income statement using variable costing. Barian Ltd. Income Statement For the Year Ended December 31, 2020 Variable Costing Sales Variable Cost of Goods Sold Variable Selling and Administrative Expenses Contribution Margin v Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Net Income / (Loss) $