help me figure out gross margin please!

During its first year of operations, Walsh ploduced 50,000 units and sold 40,000 units. During its second year of operations. at produced 40,000 units and sold 50,000 unts. The selling price of the compony's product is $51 per unit Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income stotement foe Year 1 and Year 2 2 Assume the company uses abserption costing. a. Compule the unt product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1. Complete this question by entering your answers in the tabs below. Assume the company usts absorption costing. Prepare an income statement for Yeaf 1 and Year 2. (Round your intermediate caiculations to 2 decimal places.) Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: During its first year of operations. Walsh produced 50,000 units and sold 49000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $51 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2 . b. Prepare an income statement for Year 1 and Year 2 . 2. Assume the company uses absorption costing: o. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1