please fix and solve. use the right names

Trez Company began operations this year. During this first year, the compa units. The absorption costing income statement for this year follows. ny produced 100,000 units and sold 80,000 sales (80,000 units $45 per unit) Cost of goods sold $3,600,000 Beginning inventory Cost of goods manufactured (100,000 units $25 per unit) Cost of good available for sale Ending inventory (20,000 x $25) Cost of goods sold 2,500,00 2,500,000 500,000 Gross margin Selling and administrative expenses Net income 2,000,000 1,600,000 540,000 $1,060,000 Additional Information a. Selling and administrative expenses consist of $400.000 in annual fixed expenses and $1.75 per unit in variable selling and administrative expenses b. The company's product cost of $25 per unit is computed as follows. Direct materials Direct labor Variable overhead Fixed overhead ($600,000100,000 units) $ 3 per unit $13 per unit $ 3 per unit $ 6 per unit Direct materials Direct labor Variable overhead Fixed overhead ($600,000/ 100,000 units) $ 3 per unit $13 per unit $ 3 per unit $ 6 per unit Required: 1. Prepare an income statement for the company under variable costing. TREZ Company Variable Costing Income Statement Sales 3,600,000 Less: Variable costs Direct materials Direct labor 1940.000 Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative costs 600.000 400,000 TREZ Company Variable Costing Income Statement 3,600,000 Sales Less: Variable costs Direct materials Direct labor 1,940,000 Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative costs 600,000 400,000 Total fixed expenses Net income (loss) 1,000,000 S 940,000