Required information [The following information applies to the questions dirpilyed beiow] OBrien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: During tis first year of operabons, Oriten produced 95.000 units and sold 72.000 units. Durhing its second year of cperations, is produced 82,000 units and sold 100,000 units. in its third yeac, Orien produced 80,000 units and sold 75.000 units. The selling price of the company's product is $75 per unt 2. Assume the company uses vartable costing and a uFO inventory flow assumpton (1FO means last-in flirst-out. In other words, it assumes that the newest units in inventory are soid tirst: 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. During its first year of operations, OPrien produced 95,000 units and sold 72,000 units. During its second year of operations, it produced 82,000 units and sold 100,000 units. In ts third year, Orien produced 80,000 units and sold 75,000 units. The selling price of the company's product is $75 per unt. 2. Assume the company uses variable costing and a LIFO inventory fow assumption nifo means last-in first-out. In other words, assumes that the newest units in inventory are sold finst: 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 questlon by antering your answers in the tabs below. Prepare an income statement for Yoar 1, Year 2, and Year 3