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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

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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 40,000 units and sold 32,000 units at a price of $120 per unit. 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing

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