Luke Inc. makes and sell a single product. The following data relates to period 1 to 4. < RM Variable cost per unit 30 Selling price per unit 55 6,000 Fixed cost per unit Normal activity is 500 units and production and sales for the four periods are as follows. < Sales Production Period 1 Period 2 500 400 Period 3 550 Period 4+ 450 500 500 450 500 There were no opening stocks at the start of period 1. < Required. i. Prepare operating statements for each of the periods 1 to 4, based on marginal costing principles. < ii. Prepare operating statements for each of the periods 1 to 4, based on absorption costing principles.