Regina Company manufacturers a professional-grade vacuum cleaner and began operations in 2020 . For 2020 , Regina budgeted to produce and sell 27,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are given as follows: EEA (Click the icon to view the actual data for 2020.) Read the requirements Requirement 1. Prepare a 2020 income statement for Regina Company using variable costing. Complete the top half of the income statement first, then complete the bottom portion. (For amounts with a \$0 balance, make sure to enter " 0 " in the appropriate input field.) Data table 1. Prepare a 2020 income statement for Regina Company using variable costing. 2. Prepare a 2020 income statement for Regina Company using absorption costing. 3. Explain the differences in operating incomes obtained in requirements 1 and 2 . 4. Regina's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Regina management make to improve such a plan? Explain briefly