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 fi three years of operations: During its first year of operations, O'Brien produced 96,000 units and sold 74,000 units. During its second year of operations, it produced 81,000 units and sold 98,000 units. In its third year, O'Brien produced 83,000 units and sold 78,000 units. The selling price of the company's product is $74 per unit. Required: 1. Assume the company uses variable costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other worn assumes that the oldest units in inventory are sold first): 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 question by entering your answers in the tabs below. Prepare an income statement for Year 1, Year 2, and Year 3