Required information Exercise 19-3 (Algo) Income stotement under obsorption 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 Exercise 193 (Algo) Part 1b 1b. Assume the company uses absorption costing Prepate its income statement for the yeat under absorption costing