It is the end of 2020. Goldberg All - Fixed Corporation began operations in January 2019. The company is so named because it has no variable cosis. All its costs are fixed; they do not vary with output. Goldberg All - Fixed Corp. is located on the bank of a river and has its own hydroelectric plant lo supply power, light, and heat. The company manufactures a synthetic fertilizer from air and river water and sells its product at a price that is not expected to change. It has a small staff of employees, all paid fixed annual salaries. The output of the plant can be increased or decreased by pressing a few buttons on a keyboard. The following budgeted and actual data are for the operations of Goldberg All - Fixed. Click the icon to view the budgeted and actual data.) Read the requirements. Requirement 1. Prepare income statements with one column for 2019, one column for 2020, and one column for the 2 years togother using (a) variable costing and (b) absorption costing (Use parentheses or a minus sign for an operating loss.) Start by preparing the (a) variable costing income statement for 2019,2020 , and the 2 year total. The company uses budgeted production as the denominator level and writes off any production-volume variance to cost of goods sold. a Management adopted the policy, effective January 1, 2020, of producing only as much product as needed to fill sales orders. During 2020 , sales were the same as for 2019 and were filled entirely from inventory at the start of 2020