Rey Company's single product sells at a price of $216 per unit. Data for ts single product for its first year of operations follow 15 oints Direct saterials Direct labor Overhead costs 20 per unit 28 per unit eBlook Hint Print 6 per unit 5 160,e08 per year Variable overhead Fixed overhead per year Selling and adainistrative expenses Variable Fixed Units produced and sold 18 per unit 208,000 per year 20,089 units 1. Prepare an income statement for the year using absorption costing 2 Prepare an income statement for the year using variable costing Complete this question by entering your answers in the tabs below Required 1 Required 2