Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income In Year 1. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 28 Req3 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2. Walsh Company Income Statement Year 1 Year 2 0 0 0 0 0 0 Net operating income (los) $ 0 $ 0 ( Req1A Req2A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Reg 28 Reg 3 Assume the company uses absorption costing. Compute the unit product cost for Year 1 and Year 2. (Round your intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Unit product cost Reg 18 Reg 28 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2A Req 2B Req 3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (Round your intermediate calculations to 2 decimal places.) Walsh Company Income Statement Year 1 Year 2 Net operating income (loss) $ 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 11 Reg 18 Req 2A Req 28 Reg 3 Reconcile the difference between variable costing and absorption costing net operating Income In Year 1. (Enter any losses or deductions as a negative value. Round your intermediate calculations to 2 decimal places.) Year 1 Year 2 Variable costing net operating Income (1088) Absorption costing net operating Income (lota) Reg 28 Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between variable costing and absorption costing net operating income In Year 1. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 28 Req3 Assume the company uses variable costing. Prepare an income statement for Year 1 and Year 2. Walsh Company Income Statement Year 1 Year 2 0 0 0 0 0 0 Net operating income (los) $ 0 $ 0 ( Req1A Req2A > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Reg 28 Reg 3 Assume the company uses absorption costing. Compute the unit product cost for Year 1 and Year 2. (Round your intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Unit product cost Reg 18 Reg 28 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2A Req 2B Req 3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Year 2. (Round your intermediate calculations to 2 decimal places.) Walsh Company Income Statement Year 1 Year 2 Net operating income (loss) $ 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 11 Reg 18 Req 2A Req 28 Reg 3 Reconcile the difference between variable costing and absorption costing net operating Income In Year 1. (Enter any losses or deductions as a negative value. Round your intermediate calculations to 2 decimal places.) Year 1 Year 2 Variable costing net operating Income (1088) Absorption costing net operating Income (lota) Reg 28