Jackson Company produces plastic that is used for injection molding applications such as gears for small motors. In 2019, the first year of operations, Jackson produced 5,000 tons of plastic and sold 4,375 tons. In 2020, the production and sales results were exactly reversed. In each year, the selling price per ton was $2.100, variable manufacturing costs were 19% of the sales price of units produced, variable selling expenses were 11% of the selling price of units sold, fixed manufacturing costs were $3,300,000, and fixed administrative expenses were $560,000, Reconcile the differences each year in net income under the two costing approaches. 2019 Variable Costing Net Income $ Fixed Manufacturing Overhead Expensed with Variable Costing $ Less : Fixed Manufacturing Overhead Expensed with Absorption Costing Difference Absorption Costing Net Income Reconcile the differences each year in net income under the two costing approaches. 2019 2020 Net Income $ $ aring Overhead Expensed with Variable Costing $ $ xed Manufacturing Overhead Expensed with Absorption Costing ing Net Income