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

Variable cost per unit:

Manufacturing:

Direct materials $ $25$

Direct labour $ $12$

Variable manufacturing overhead $ $4$

Variable selling and administrative $ $2$

Fixed costs per year:

Fixed manufacturing overhead $ $480,000$

Fixed selling and administrative expenses $ $360,000$

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 company$$s product is $$57$ per unit.b$.$ Prepare an income statement for year $1,$ year $2,$ and year $3.($Round your intermediate calculations to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Haas Company

Absorption Costing Income Statement