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O'Hara's Products manufactures a single product Cost, sales, and production information for the company and its single product is as follows: (i) (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. More info X the company and is single product is as follows - Seling price per unit is 561 - Variable manulacturing costs per unt manufactured (nclodes drect matenals [DM], drect labor [DC], and vanabie MOH] $26 - Varable operatring expenses per unit sold 35 - Faed manutacturing overteas (MO+0) in total for the year $176,000 - Fasd operating expenses in total for the year $35,000 - Units manulactured and seld for the year 11,000 units Requirements 1. Prepare an inceme statement for the upcoming yes using variatle costing 2. Prepare an income statement for tre upcoming year using aborption cosing