I need help with absorption and reconciliation

40.00 points Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit Direct materials Direct labor $ 22 S 13 $4 S 240,000 Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses 70000 During its first year of operations, Walsh produced 50,000 units and sold 40.000 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 $57 per unit Required: 1. Assume the company uses variable costing a. Compute the unit product cost for year 1 and year 2 Unit product cost b. Prepare an income statement for year 1 and year 2 Walsh Income Statement Year 1 Year 2 Variable expenses Total variable expenses Fixed expenses Total fixed expenses Net operating income (loss)