plz step by step solve

Question #7 A manufacturer produces and sells single product. Summarized data of operations for two years are given below. Rs. Selling price per unit 4,000 Manufacturing costs: Variable cost per unit: Direct materials 880 Direct labour 480 Variable overhead 240 Fixed cost per year 9,600,000 Selling and administrative costs: Variable (per unit sold) 400 Fixed cost per year 5,600,000 MARGINAL AND ABSORPTION COSTING 6 Year 1 Beginning inventory - units Units produced Units sold Ending inventory - units Year 2 2,000 6,000 8,000 10,000 8,000 2,000 Required: (1) Prepare income statement for each year using absorption costing. (ii) Prepare income statement for each year using direct costing