Inoome Statements and Firm Performance: Variable and Absontion Costing Jelifision Company had the following operating data for its first two years of operations: Variable costs per unit: achal casting system for produt costing Reguired: 1. Prepare income statemierts for both yosis usitag absorbtion cosling. If an amount is rero, enter 10, Jellison Company Variable-Costing Income Statement For Years 1 and 2 Less: Fixed overhead => Fixed selling and administrative expenses Operating income Variable cost of goods sold: Heginning ifwentory = Yariabie cost of poods manufactured Cost of goods sold Lessilinding inveritory = Fescese