Presidio, Inc. Full Absorption Income Statement $ 1,242,000 Sales Less: Cost of Goods Sold Gross Margin Less: Selling Expense General and Administrative Expense Net Operating Income $ 635,500 Presidio, Inc. Contribution Margin Income Statement Sales revenue $ 1,242,000 Variable Selling Expenses 25,200 Less: Variable Manufacturing Costs Contribution margin Less: Fixed Manufacturing Costs Fixed General and Administrative Expense Net Operating Income $ 493,300 my work Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: $ Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($355,500 + 3,000 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 3,000 1,800 690.00 50.00 80.00 30.00 118.50 25,200.00 80,000.00 Required: 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement $ Sales 1,242,000 Less: Cost of Goods Sold Gross Margin Less: Selling Expense General and Administrative Expenso Net Operating Income $ 635,500