NEED HELP WITH QUESTION C) PLS PLS FOLLOW THE FORMAT AND DROP DOWN TERMS LIST I'VE GIVEN FOR THROUGHPUT INCOME STATEMENT, AND FOLLOW THE INSTRUCTIONS. I need this ASAP. Thankss

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Po's CFO retrieved the following information with respect to the top-selling rotomoulded kayaks product line from the income statements for the past two years. It produced 3,000 units in the first year and 2,400 in the second year, while sales were 2,400 units in the first year and 2,700 in the second year. Variable production costs were $530.00 per unit during both years (direct materials $190.00, direct labour $160.00, and variable overhead $180.00). The company uses first-in, first-out (FIFO) for inventory costing The absorption-costing comparative income statements for these two years were: Year 1 Year 2 Sales $2,160,000 $2,430,000 Less cost of goods sold: Beginning inventory $0 $450,000 Product costs 2,250,000 1,932,000 Ending inventory (450,000) 1,800,000 (241,500) 2,140,500 Gross profit 360,000 289,500 Less operating expenses (selling and administrative) Variable 120,000 135,000 Fixed 29,000 149,000 29,000 164,000 Operating income $211,000 $125,500(a) V Your answer is correct. Using the information provided, prepare condensed, two-year comparative income statements using the variable-costing method. (Round per unit calculations to 2 decimal places, eg. 15.25 and final answers to O decimal places, e.g. 125. Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945)) Po Income Statement Variable Costing Year 1 Year 2 2160000 2430000 Variable costs st of goods sold 1272000 i 1431000 riable selling and administration expenses 120000 i 135000 tal variable costs 1392000 i 1566000 ntribution margin 768000 864000 Fixed costs ed manufacturing costs 560000 56000 ed selling and administration expenses 29000 29000 tal fixed costs 589000 i 58900 erating Income (loss] 79000 175000Reconcile the variable-costing income with the absorption-costing income. Year 1 Year 2 Variable costing net income 79000 175000 Fixed MOH deferred in ending inventory 132000 82500 Fixed MOH released in beginning inventory -132000 Absorption costing net income 211000 125500(b) V Your answer is correct. Assume that Po uses a normal-costing method. The company had budgeted 3,300 units of production for each of the two years. Prepare condensed, two-year comparative income statements using the normal-absorption-costing method. (Round per unit calculations to 3 decimal places, e.g. 15.257 and final answers to O decimal places, e.g. 125. Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945)) Po Income Statement Normal-absorption costing Year 1 Year 2 Sales 2160000 2430 Less w Cost of goods sold 1752000 1 1971000 Gross profit 408000 Less Fixed selling and administrative expenses 29000 1 2700 0 Variable selling and administrative expenses 120000 135000 Volume variance-unfavourable 60000 1 180000 209000 344000 Operating Income (loss] $ 199000 11Reconcile the variable-costing income with the normal-absorption-costing income statements. Year 1 Year 2 Normal-absorption costing net income 199000 115000 Fixed MOH deferred in ending inventory -120000 -60000 Fixed MOH released from beginning inventory 120000 Variable costing net income $ 79000 $ 175000(c) Using the information provided above, prepare condensed, two-year comparative income statements using the throughput- costing method. (Round per unit calculations to 3 decimal places, e.g. 15.257 and final answers to O decimal places, e.g. 125. Enter loss using either a negative sign preceding the number eg. -2,945 or parentheses e.g. (2,945)) Po Income Statement Throughput Costing Year 1 Year 2 Variable manufacturing overhead Fixed selling and administration expenses Direct labour Operating Income (loss) Total selling and edministration expenses Variable selling and edministration expenses Cost of goods sold Sales Operating costs Fixed manufacturing overhead Total operating costs Throughput contribution margin(c) Using the information provided above, prepare condensed, two-year comparative income statements using the throughput- costing method. (Round per unit calculations to 3 decimal places, e.g. 15.257 and final answers to O decimal places, e.g. 125. Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945)) Po Income Statement Throughput Costing Year 1 Year 2 V $ v Add v Less $Reconcile the normal-absorption costing income statements with the throughput-costing income statements. (Round per unit calculations to 3 decimal places, e.g. 15.257 and final answers to O decimal places, e.g. 125. Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Year 1 Year 2 Normal-absorption costing net income Variable and fixed costs deferred in ending inventory Variable and fixed costs released from beginning inventory Throughput costing net income / (loss) $