How do I solve for the provision for taxes and net income?

Instructions: Complete the yellow-shaded cells. Absorption Costing Income Statement $ 882,500 $ 882,500 % of Sales $ 155,400 17.61% $ 266,560 30.21% % of Sales 17.6% 30.2% $ 155,400 $ 266,560 8,550 $ 8,550 $ 176,000 Total Sales Costs Of Good Sold Total Direct Labor Total Direct Materials Production OH Variable Product Overhead Fixed Product Overhead Total Production Overhead Total Cost of Goods Sold Gross Profit Selling & Administrative expenses Variable SG&A Fixed SG&A Total SG&A Costs Income before taxes Provision for Taxes @ Net Income $ 184,550 $ 606,510 $ 275,990 20.91% 68.73% Variable Costing Contribution Margin Income Statement Total Sales Varaible Costs Total Direct Labor Total Direct Materials Variable Overhead Variable Product Overhead $ Variable SG&A $ 35,000 Total Variable Overhead Costs Total Variable Costs Contribution Margin Fixed Costs Fixed Product Overhead $ 176,000 Fixed SG&A $ 284,000 Total Fixed Costs Income before taxes Provision for Taxes @ 21% Net Income $ 43,550 $ 465,510 $ 416,990 4.93% 52.75% 47.25% 31.27% $ $ 35,000 284,000 $ 319,000 $ (43,010) 36.15% -4.87% $ 460,000 $ (43,010) 52.12% -4.87% 21%