please prepare an income statement based on the variable 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. Income Statement (Absorption coating) Sales (80,000 units $40 per unit) $ 3,200,000 Coat of goods sold 1,600,000 Gross profit Selling and administrative expenses $ 1,010,000 1,600,000 590.000 Income Additional Information a. Selling and administrative expenses consist of $450,000 in annual fixed expenses and $175 per unit in variable selling and administrative expenses. b. The company's product cost of $20 per unit consists of the following Direct materials Direct labor Variable overhead Fixed overhead ($700,000 / 100,000 unito) $5 per unit $5 per unit $ 3 per unit $ 7 per unit