Please answer and provide work clearly.

Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the first year of operations Jackson produced 4,000 tons of plastic and sold 3,100 tons. In 2017, the production and sales results were exactly reversed. In each year, the selling price per ton was $2.100. variable manufacturing costs were 18% of the sales price of units produced. variable selling expenses were 9% of the selling price of units sold, fixed manufacturing costs were $2,800,000, and fixed administrative expenses were $530,000. Prepare income statements for each year using absorption costing. For the Year Ended December 31, 2016 Absorption Costing Sales 651000O Cost of Goods Sold Inventory, January 1 Costs of Goods Manufactured 431200O Costs of Goods Avallable for Sale 431200O Inventory, December 31 970200 Cost of Goods Sold 3341800 Gross Profit 3168200 Varlable Selling Expenses 585900 Flced Administratlve Expenses 530000 1115900 205230O JACKSON COMPANY For the Year Ended December 31, 2017 Sales 8400000 Cost of Goods Sold Inventory, January1 970200 Costs of Goods Manufactured 3971812 Costs of Goods Avallable for Sale 4942013 Cost of Goods Sold 4942013 Gross Profit 3457987 Varlable Selling Expenses 756000 Flced Administratlve Expenses 530000 1286000 2171987 Your answer is partially correct. Reconcile the differences each year in net income under the two costing approaches. 2016 2017 Variable costing net income 1422300 2802000 Fixed manufacturing overhead expensed with variable costing 2800000 S 280000O Less: Fixed manufacturing overhead expensed with absorption costing Difference Absorption costing net income 3341800 4646813 1846813) 2052300 S 2171987