Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: 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 $58 per unit. Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Haas Company } \\ \hline \multicolumn{5}{|c|}{ Variable Costing Income Statement } \\ \hline & & Year 1 & Year 2 & Year 3 \\ \hline Sales & & $3,480,000 & $,900,0002, & $ \\ \hline \multicolumn{5}{|l|}{ Variable expenses: } \\ \hline \multicolumn{5}{|l|}{ Variable cost of goods sold } \\ \hline Variable selling and administrative & & 120,000 & 100,000 & 130,000 \\ \hline Total variable expenses & & 120,000 & 100,000 & 130,000 \\ \hline Contribution margin & 2 & 3,360,000 & 2,800,000 & 3,640,000 \\ \hline \multicolumn{5}{|l|}{ Fixed expenses: } \\ \hline Fixed manufacturing overhead & 2 & 960,000 & 960,000 & 960,000 \\ \hline Fixed selling and administrative & 2 & 240,000 & 240,000 & 240,000 \\ \hline Total fixed expenses & & 1,200,000 & 1,200,000 & 1,200,000 \\ \hline Net operating income (loss) & & $ & $1,600,000 & $ \\ \hline \end{tabular}