Required Information [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 at a price of $150 per unit. Direct materials $ 66 per unit Direct labor $ 25 per unit Variable overhead $ 9 per unit Fixed overhead $ 546,80 per year Variable selling and administrative expenses $ 11 per unit Fixed selling and administrative expenses $ 119,880 per year 2b. Assume the company uses variable costing. Prepare its Income statement for the year under varlable costing. Income Statement (Variable Costing) Sales Plus: Cost of goods sold Income