Haas Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations:

Variable costs per unit:
Manufacturing:
Direct materials		$25
Direct labor		$16
Variable manufacturing overhead		$5
Variable selling and administrative		$2
Fixed costs per year:
Fixed manufacturing overhead	$	300,000
Fixed selling and administrative expenses	$	180,000

During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second year of operations, it produced 75,000 units and sold 50,000 units. In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price of the companys product is $56 per unit.

[This is what I have at the moment]

Required:

Year 1 Year 2 Year 3 Unit product cost $ 46 $ 46 $ 46 Prepare an income statement for year 1, year 2, and year 3. Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales $ 3,336,000 $ 2,800,000 $ 3,640,000 Variable expenses: Variable cost of goods sold Variable selling and administrative Total variable expenses Contribution margir Fixed expenses: 0 0 3,336,000 2,800,000 3,640,000 Fixed manufacturing overhead Fixed selling and administrative Total fixed expenses: 0 Net operating income (loss) $ 3,336,000$ 2,800,000 $ 3,640,000