Q1. ABC Company is a manufacturing company that produces product (X) and sell it for $100V unit. The following is data related to 2019 and 2020 , the first years of production Required: 1. Prepare the income statements for ABC Company for 2019 and 2020 financial periods using: a. the Absorption approach b. the variable approach Q1. ABC Company is a manufacturing company that produces product (X) and sell it for $100V unit. The following is data related to 2019 and 2020 , the first years of production Required: 1. Prepare the income statements for ABC Company for 2019 and 2020 financial periods using: a. the Absorption approach b. the variable approach