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Required Information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year

image text in transcribed Required Information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. 2b. Assume the company uses varlable costing. Prepare its income statement for the year under varlable costing. Required Information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. 2b. Assume the company uses varlable costing. Prepare its income statement for the year under varlable costing

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