Goodmorning please could you assist using the information given to prepare the following income statements :

1) Marginal costing method

2) Absorption costing method

Thank you.

Prepare the Income Statement of Rotary Limited for the year ended 28 February 2021 using the following methods of costing: (10 marks) 2.1 Marginal costing (10 marks) 2.2. Absorption costing INFORMATION The following information was extracted from the accounting records of Rotary Limited for the year ended 28 February 2021: Nil Inventory on 01 March 2020 35 000 units Production for the year Sales for the year 30 000 units Fixed costs: Manufacturing R700 000 Color and adminintention Donnnn Sales and administration R480 000 Variable costs per unit: Manufacturing R48 Sales and administration R12 Selling price per unit R150