Q No.# 2 (04 marks) The following data were taken from the records of a company. Period 2 Period 3 Production(units) Period 1 30,000 30.000 38000 27000 27000 38000 Sales Opening stock Closing stock 11,000 11,000 Per unit cost are as follows: Direct material $1.5 Direct labor 1.0 Production overhead 3.0 Selling price per unit S 9 Administrative overheads are fixed at $25000 and one third of the production overheads are fixed. Required Prepare separate income statements for all three year