O'Neill'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 requirements. Requirement 1 . Prepare an income statement for the upcoming year using variable costing - Selling price per unit is $61 - Variable manufacturing costs per unit manufactured (includes direct materials [DM], direct labor [DL], and variable MOH) \$33 - Variable operating expenses per unit sold \$5 - Fixed manufacturing overhead (MOH) in total for the year $168,000 - Fixed operating expenses in total for the year $86,000 - Units manufactured and sold for the year 12,000 units O'Neill's Products manufactures a single product. Cost, sales, and production information for the company and its Requirement 2. Prepare an income statement for the upcoming year using absorption costing