Required information The following information applies to the questions displayed below.) O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses 5 $ : 15 6 5520,000 $160,000 During its first year of operations, O'Brien produced 95,000 units and sold 74,000 units. During its second year of operations. It produced 80.000 units and sold 96,000 units. In its third year, O'Brien produced 85.000 units and sold 80,000 units. The selling price of the company's product is $78 per unit. 4. Assume the company uses absorption costing and a UFO inventory flow assumption (LIFO means los-an fest-out in other words, it a Compute the unit product cost for Year 1 Year 2 and Year 3. b. Prepare an income statement for Year Year 2, and Year 3 Complete this question by entering your answers in the tabs below. Red lega Prepare an income statement for Year 1 Year 2 nd Year 3. (Round your intermediate calculations to decimal places) O Brien Company Absorption Costing Income Sweet Year 1 Year 2 Year Sales 0 5 05 0 (BA