Please help compute

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials 30 per unit Direct labor 50 per unit overhead costs Variable $ 20 per unit Fixed $8, 800,000 (per year) Selling and administrative costs for the year variable $ 725,080 Fixed $5, 000,808 Production and sales for the year Units produced 110,080 units Units sold 80,080 units Sales price per unit 360 per unit 1. Prepare an Income statement for the year using variable costing. 2. Prepare an Income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Net income (loss)Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales Information for this year follows. Manufacturing costs Direct materials 30 per unit Direct labor 50 per unit Overhead costs variable $ 20 per unit Fixed $8, 800,000 (per year) Selling and administrative costs for the year variable $ 725,080 Fixed $5, 060, 080 Production and sales for the year Units produced 110,000 units Units sold 80, 080 units Sales price per unit 360 per 1. Prepare an Income statement for the year using variable costing. 2. Prepare an Income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement