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Required information [The following information applies to the questions displayed below] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. 1. Prepare the current-year income statement using variable costing Required information [The following information applies to the questions displayed below] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. 2 Prepare the current-year income statement using absorption costing