Required information Exercise 19-3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 (The following informacion wpplies to the questions dispinyed below] Cool Sly reports the following for its first year of operations. The company groduced 44.000 units and sold 36,000 units at a price of $130 per unit. Exercise 193 (Algo) Part 1b 16. Aswume the company uses absorption costing. Prepare its income statement for the year under absorption costing