PLEASE ANSWER THE LAST QUESTION (THE ONE IN BLANK). THANKYOU!

Pharoah Motors is a division of Pharoah Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 190,000 units for $7.00 per unit. Sharon Lee is the division manager. She is considering producing either 190,000 or 240,000 units during the period. Other information is as follows: Division Information for 2022 Beginning inventory 0 Expected sales in units 190,000 Selling price per unit $7.00 Variable manufacturing cost per unit $2.00 Fixed manufacturing cost (total) $456,000 Fixed manufacturing overhead costs per unit Based on 190,000 units $2.40 per unit ($456,000 = 190,000) Based on 240,000 units $1.90 per unit ($456,000 = 240,000) Manufacturing cost per unit Based on 190,000 units $4.40 per unit ($2.00 variable + $2.40 fixed) Based on 240,000 units $3.90 per unit ($2.00 variable + $1.90 fixed) Variable selling and administrative expenses $0.35 per unit Fixed selling and administrative expenses (total) $11,600 Prepare an absorption-costing income statement, with one column showing the results if 190,000 units are produced and one column showing the results if 240,000 units are produced. PHAROAHMOTORS DIVISION Income Statement For the Year Ended 2022 Absorption Costing Units produced 240,000 190,000 Units sold 190,000 190,000 Sales 1,330,000 1,330,000 $ $ $ Less 4 : Cost of goods sold 741,000 i 836,000 i Gross profit 589,000 494,000 Less : Selling and administrative expenses 78,100 i 78,100 i Net income 510,900 415,900 $ $ $ Prepare a variable-costing income statement, with one column showing the results if 190,000 units are produced and one column showing the results if 240,000 units are produced. PHAROAHMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing Units produced 240,000 190,000 Units sold $ $