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REQUIRED Use the information given below to prepare the Income Statement of Mangrove Limited for the year ended 31 December 2022 using the following methods:

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REQUIRED Use the information given below to prepare the Income Statement of Mangrove Limited for the year ended 31 December 2022 using the following methods: \\( 2.1 \\quad \\) Absorption costing (11 marks) 2.2 Variable costing (9 marks) INFORMATION Mangrove Limited produces a single product and commenced operations on 02 January 2022 . The following information is available for the year ended 31 December 2022: Production for 2022 was 50000 units. Of these 40000 units were sold at R480 per unit during 2022

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