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O'Brien Company manufactures and sells one product. The following information pertains to

each of the company's first three years of operations:

During its first year of operations, O'Brien produced $95,000$ units and sold $76,000$ units. During

its second year of operations, it produced $84,000$ units and sold $98,000$ units. In its third year,

O'Brien produced $86,000$ units and sold $81,000$ units. The selling price of the company's

product is $$70$ per unit.

Assume the company uses absorption costing and a LIFO inventory flow assumption $($LIFO means last$-$in first$-$

out. In other words, it assumes that the newest units in inventory are sold first$)$:

a$.$ Compute the unit product cost for Year $1,$ Year $2,$ and Year $3.$

b$.$ Prepare an income statement for Year $1,$ Year $2,$ and Year $3.$

Complete this question by entering your answers in the tabs below.

Req $4A$

Prepare an income statement for Year $1,$ Year $2,$ and Year $3.$

Note: Round your intermediate calculations to $2$ decimal places.