Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1025 kayaks and sold 775 at a price of $1,025 each. At this first year-end, the company reported the following income statement information using absorption costing, Sales (775 * $1,025) Cost of goods sold (775 $450) Gross in Selling and administrative exams Het income Additional Information a. Product cost per kayak totals $450, which consists of $250 in variable production cost and $100 in fixed production cost-the latter amount is based on $102.500 of fixed production costs allocated to the 1,025 Kayaks produced. b. The 5210,000 in selling and administrative expense consists of $75.000 that is variable and $135,000 that is fixed Required: 1. Prepare an income statement for the current year under variable costing. 2. Fin the blank Complete this question by entering your answers in the tabs below. Required 1 Required