Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 5 28 per unit $ 28 per unit $ 6 per unit $ 160,00 per year $ 18 per unit $ 200,00 per year 2e, eee 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 Prepare an income statement for the year using absorption costing. REY COMPANY Absorption Costing Income Statement Sales Plus Cost of goods sold $ 4,320,000 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 Prepare an income statement for the year using variable costing, Dok REY COMPANY Variable Costing Income Statement Hint Print ferences 0 Net income (105)