Records from Kofi Sam Ltd for the year ended December 31, 2016 revealed these extract: GH Sales 2,600,000 Direct Materials 800,000 Direct Labour 600,000 Factory overhead (65% fixed) 300,000 Selling costs (25% variable) 300,000 Distribution costs (25% variable) 200,000 Administration cost (80% fixed) 100,000 Units produced and sold 40,000 You are required to prepare an income statement for the period, using i. Marginal costing approach ii. Absorption costing approac