Security Technology Incorporated (STI) is a manufacturer of an electronic control system used in the manufacture of certain special- duty auto transmissions used primarily for police and military applications. The part sells for $60 per unit and STI had sales of 24,250 units in the current year, 2021 STI had no inventory on hand at the beginning of 2021 and is projecting sales of 26.750 units in 2022. STI is planning the same production level for 2022 as in 2021, 25,500 units. The variable manufacturing costs for STI are $21, and the variable selling costs are only $0.30 per unit. The fixed manufacturing costs are $229,500 per year, and the fixed selling costs are $550 per year Required: 1. Prepare an income statement for each year using full costing 2. Prepare an income statement for each year using variable costing. 3. Prepare a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for each year using full costing. (Round your final answers to nearest whole dollar amount.) SECURITY TECHNOLOGY INCORPORATED Full Costing Income Statement Sales 2022 $1,530,000 2021 $ 1,455.000 S 37.500 765.000 802.500 Less: Cost of goods sold Beginning inventory Cost of goods produced 705.000 Available for sale 765,000 Less Ending inventory 37,500 Cost of goods sold Gross margin Less: Selling and administrative costs Variable Fixed Operating income 00 7.275 550 727,500 S 727.500 7.825 $719.075 8.025 550- 802.500 727.500 8.575 5718.025 Required 2 >