Rey Company's single product sells at a price of $231 per unit. Data for its single product for its first year of operations follow Direct materials Direct labor Overhead costs 35 per unit 43 per unit 9 per unit 286,000 per year Variable overhead Fixed overhead per year S Selling and administrative expenses Variable Fixed Units produced and sold 33 per unit 230,000 per year S 26,000 units 1. Prepare an income statement for the year using absorption costing REY COMPANY Absorption Costing Income Statement Net income (loss)