Revenue and costs for ABC Company for the year 2019 are presented below: Revenue.................... $300,000 G&G cost...... Acquisition costs... 300,000 1,000,000 Exploratory Dry holes...................2,000,000 Successful exploratory holes.............1,500,000 Development wells, dry................. 500,000 Development wells, successful........... 400,000 Production facilities................350,000 Production cost.......... 50,000 Successful efforts Full cost Amortization for 2019 Accumulated DD&A $100,000 250,000 $200,000 350,000 Required: 1- Prepare the income statement for ABC Oil Company for the year ended 2019 under the two accounting methods. 2- Show the difference explanation between the two accounting methods Net income/Loss.