Hamington Manufacturing manufactures a single product that it will sell for $20 per unt. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is follows Click the icon to view the data) During its first year of operators, the company plans to manufacture 23,000 units and anticipates selling 18,000 of those unts During the second year of its operations, the company plans to manufacture 23,000 units and anticipates selling 20.000 units it has units in beginning inventory for the second year from its fest year of operations) Read the requrements CO Requirement 1. Prepare an absorption costing income statument for (a) the first year of operations and (b) the second year of operations Less Le Hamington Manufacturing i Income Statement (Absorption Costing) (a) Year 1 (b) Year 2 Requirement 2. Before you propare the vanable costing income statements for Hamington, predict the company's operating income using variable costing for boon es first year and its second year without preparing the variable costing income statements Fent Calculate the variatie coding operating income for a given year by taking that year's absorption costing operating income and adding or subtracting the afference in operating income as calculated using the following formula Difference an operating income-(Change vendory lovet in usta x Fixet MO per us Begin by calculating the difference in income each year using the formula provided Change in inventory Fixed MOH Time Remaining: 01:09:40 Next 12:26 PM 10/7/2022