Please show how you got each number in the income statements

oc Beach Chair Company began operations on Jnuary 1, 2014. The company does not generally carry same for 2014 Work in Process Inventories at the end of the year. Variable product costs per unit were the , 2015 and 2016 and total $56 per chair. Total Fixed Overhead Costs are $600,000 per seVariable Selling and Administrative Costs are $3 for each chair sold. Fixed Selling and year. Administrative Costs are $120,000 per year. The Selling Price is $75 per chair for all three years. uction and Sales figures (in units) for three years are below.. 2014 2015 2016 Production Sales (units) 100,000 chairs 80,000 chairs 75,000 chairs 90,000 chairs 80,000 chairs 75,000 chairs The company uses the FIFO method to assign cost to any chairs left in ending Finished Goods Inventory. TASKS: (1) Prepare, in good form, two Income Statements for 2015: One using Absorption Costing and one using Variable Costing. Use the formats that I used in the class example for Chapter 6. Don't forget proper heading on your 2 income statements A