part 1

Production and sales data for the three year period were as follows: Additional information: 1. The company plant is highly automated. Variable manufacturing costs total $3 per unit. Annual fixed manufacturing overhead is $450,000. 2. Variable selling and administrative expenses were $2 per unit sold. Annual fixed selling and administrative expenses totaled $100,000 annual. 3. The above costs stayed constant across the three years and the company uses a FIFO inventory flow assumption. Required: 1. Compete the traditional income statement above for year 3 . 2. Complete the following NOI Reconcile table (show full details how you calculated the deferred and relcased amounts for any credit)