Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. hey there, i am truly stuck with this problem im sorry its lengthy, could someone help and also show the work? thank you so much in advance

Exercise 19-7 Income reporting under absorption costing and variable costing LO P2 [The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 105,000 units 108,750 units 3,750 units $ 506,250 300,000 $ 806,250 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $135) Fixed (3,750 units x $80) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed 46 per unit 64 per unit $3,000,000 $7,000,000 $1,350,000 4,400,000 Exercise 19-7 Part 1 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Sales Less: Variable costs Beginning inventory: Variable costs Fixed costs Manufacturing costs this year Direct materials Direct labor 2 Variable overhead costs 0 0 Net income (loss) Exercise 19-7 Part 2 2. Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) Fixed costs added to(subtracted from) inventory Exercise 19-7 Part 3 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income units fixed overhead per unit