OH Haras Produch manufactures a aingle product. Cost, nales, and production informasion for the company and its single product is as folows. (i) (Cick the icon to view the data.) Fend the tequitements More info - Celting price per unit is tso - Variabie masulacturing costs per unt manshctured (ncludes dreet matenals [DM), drect iater [D.], and varabie MOen) 123 - Variable eperating exstenses per una sold 53 - Fiaed manufactaring oveheas (MOH1) in wotal for the year $120.000 - Fueed operating expenses in total for the year \$a0,000 - Uniti manulactured and sold for the yoar 12.000 uniti Requirement 2. Prepare an incoeve statement for the upsoming year using absorpbion costing. OHara's Preducts Income Statement (Absorption Costing) For the Year Ended Decwmber 31 Requirements 1. Prepare an income statement for the upcoming yoar using variable costing. 2. Prepare an income statement for the upcoming year using absorption costing. Requirement 2. Prepare an income statement for the upcoming year using absorption costing. O'Hara's Products O'Hara's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the Requirement 1. Prepare an income statement for the upcoming year using variable costing. OHarn's Products manutacturns a single product Cost sales, and producten informaton for the company and is single product is as folows (i) (Cick the icon po view the dola.) Read the Requirement 2. Prepare an income statement for the upcoming year using absorption costing