Please show work clearly as well as choice.Thank you

.) A company is looking into two alternative methods of producing its product. The following information about the two alternatives is available. If the company's expected sales volume is 35,000 units, which alternative should be selected? Prepare forecasted income statements to assess the alternatives. Variable costs per unit Fixed costs Selling price per unit Alternative#1 $8 $240,000 $20 Alternative #2 $12 $140,000 $20