Rey Company's single product sells at a price of $226 per unit. Data for its single product for its first year of operations follow Direct materials Direct labor Overhead costs 30 per unit 38 per unit Variable overhead 14 per unit 456,000 per year Fixed overhead per year $ Selling and administrative expenses Variable Fixed Units produced and sold 28 per unit $220,000 per year 28,500 units 1. Prepare an income statement for the year using absorption costing REY COMPANY Absorption Costing Income Statement Net income (loss)