neip sove EXIE Mange Inc initiated operations on October 1, 2019. During the first fiscal year of operations, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for the year ended September 30, 2020 is as follows. $3,600,eee Sales (80,000 units * $45 per unit) Cost of goods sold Beginning inventory Cost of goods manufactured (100,eee units $25 per unit) Cost of goods available for sale Ending inventory (20,000 $25) Cost of goods sold Gross margin Selling and administrative expenses Net income $ 2,500,000 2,5ee, eee see, eee 2,000,000 1,600,000 560,000 $1,040,00 Additional Information a. Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses b. The company's product cost of $25 per unit is computed as follows Direct materials Direct labor Variable overhead Fixed overhead (5900,000 / 100,000 units) $4 per unit $8 per unit $4 per unit $9 per unit Required: 1. Prepare an income statement for the company under variable costing, 2. Fill in the blanks Direct materials Direct labor Variable overhead Fixed overhead ($900,000/ 100,000 units) $4 per unit $8 per unit $4 per unit $9 per unit Required: 1. Prepare an income statement for the company under variable costing. 2. Fill in the blanks Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blanks. units forced overhead per unit. The dollar difference in variable costing income and absorption costing income