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Hayek Bikes prepares the income statement undet variable costing for its managerial reponts, andit prepares the income statement under absorption costing for extemal reporting. For its first month of operations, 400 bikes were produced and 240 were soid. Income statement information under variable costing follows. Prepare the company's income statement under absorption costing ax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses bsorption costing 1. Compute gross profit assuming (a) 74,000 units are produced and 74,000 units are sold and (b) 108,000 units are produced and 74,000 units are sold 2. By how much would the company's gross profit increase or decrease from producing 34,000 more units than it sells? Complete this question by entering your answers in the tabs below. Compute gross profit astuming (a) 74,000 units are produced and 74,000 units are sold and (b) 108,000 units are produced and 74,000 units are sold. Complete this question by entering your answers in the tabs below. Compute gross profit assuming (a) 74,000 units are produced and 74,000 units are sold and (b) 108,000 units are produced and 74,000 units are sold. 74,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 34,000 more units than it sells? Complete this question by entering your answers in the tabs below. By how much would the company's gross profit increase or decrease from produding 34,000 more units than it sells