Rey Company's single product sells at a price of $219 per unit. Data for its single product for its first year of operations follow. Direct materials Direct labor Overhead costs 23 per unit 31 per unit Variable overhead Fixed overhead per year 9 per unit $ 253,000 per year Selling and administrative expenses Variable Fixed 21 per unit 206,000 per year Units produced and sold 23,000 units 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing Prepare an income statement for the year using absorption costing REY COMPANY Net income (loss) Required 1 Required 2> Prepare an income statement for the year using variable costing REY COMPANY Variable Costing Income Statement Net income (loss) Required 1 Required 2