Gibson Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Skipped Units Sold Production and Sales 2018 4,000 6,000 4,000 4,000 2019 Coat Data Direct materials 13.7 per unit $ 22.9 per unit $12.0 per unit $103,200 Direct labor Manufacturing overheadvariable Manufacturing overheadfixed Variable selling and administrative expenses Fixed selling and administrative expenses 8.1 per unit sold $ 54,000 Assume that selling and administrative expenses are associated with goods sold.) Levine sells its products for $108.3 per unit. Required a. Prepare income statements based on absorption costing for 2018 and 2019. b. Since Levine sold the same number of units in 2018 and 2019, why did net income increase in 2019? d. Determine the costs of ending inventory for 2019. e. Prepare income staterments based on variable costing for 2018 and 2019. Complete this question by entering your answers in the tabs below Req A 2018 Req A 2019 Req B Req DReq E 2018 Req E 2019 Prepare income statements based on absorption costing for 2018. (Do not round intermediate calculations.) Absorption Costing Income Statement For the Year Ended Dec. 31,2018 Cost of Goods Sold: Complete this question by entering your answers in the tabs below Req A 2018Req A 2019 Req B Req D Req E 2018 Req E 2019 Prepare income statements based on absorption costing for 2019. (Do not round intermediate calculations.) GIBSON MANUFACTURING Absorption Costing Income Statement For the Year Ended Dec. 31, 2019 Cost of Goods Sold Req A 2018 Complete this question by entering your answers in the tabs below. Req A 2018 Req A 2019 Req B Req DReq E 2018 Req E 2019 Since Levine sold the same number of units in 2018 and 2019, why did net income increase in 2019? Decrease in fixed manufacturing cost Decrease in selling and administrative fixed cost Increase in selling price Complete this question by entering your answers in the tabs below. Req A 2018 Req A 2019 Req B Req D Req E 2018 Req E 2019 Determine the costs of ending inventory for 2019. (Do not round intermediate calculations.)