Prepare two annual income statements (a. Absorption Costing income statement and b. Variable costing income statement) using the following transactions: a. Units produced and sold 1,000 units @ 6 pesos per unit cost of production and 50 pesos per unit selling price (monthly basis) b. Raw materials = 2 pesos per unit c. Direct labor = 2 pesos per unit d. Fixed factory overhead = 10,000 per month e. Other variable costs = 2 pesos per unit f. Administrative expense = 10,000 per month g. Accounts receivables = 5,000 per month