Required Information Exercise 19.3 (Algo) Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34.000 units ot a price of $130 per unit. Exercise 19-3 (Algo) Port 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing