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Trez Company began operatons this year During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows Additional Information a. Selling and aoymicistative exprenses consist of $400,000 in annual fixed expenses and 52.25 per una in varable selling and admirustrative expensev b. The compantis prodtuct cont of 525 per unn conusts of the following Aequired: Phepsere an income suatenent for itwe compary unstel varsble costing Trez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Additional information 0. Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses. b. The compary's product cost of $25 per unit consists of the following Required: Prepare an income statement for the company under vanable costing. absorption costing income statement for this year follows. Additional Information a. Selling anc administrative expenses consist of $400,000 in annual fixed expenses and $2.25 administrative expenses. b. The company's product cost of $25 per unit consists of the following. Required: Prepare an income statement for the company under variable costing