Problem 8.27A a-c AFN Company produces plastic that is used for injection-moulding applications such as gears for small motors. In 2020, the first year of operations, AFN Company produced 4,200 tonnes of plastic and sold 2,814 tonnes. In 2021, the production and sales results were exactly reversed. In each year, the selling price per tonne was $1,900; variable manufacturing costs were 15% of the sales price for the units produced; variable selling expenses were 11% of the selling price of the units sold; fixed manufacturing costs were $2,814,000; and fixed administrative expenses were $537,600. Prepare comparative income statements for each year using absorption costing. (Use the format from Illu AFN COMPANY Income Statement-Absorption Costing 2020 2021 Number of units produced Number of units sold $ $ $ Reconcile the differences in the income from operations each year under the two costing approaches. Reconciliation, 2020 Variable-costing net income Fixed MOH deferred in ending inventory Absorption-costing net income Reconciliation, 2021 Variable-costing net income Fixed MOH released from beginning inventory Absorption-costing net income $