Sheffield Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $9.15 Direct labor $4.21 Variable manufacturing overhead $7.08 Variable selling and administrative expenses $4.76 Fixed Costs per Year Fixed manufacturing overhead $286,700 Fixed selling and administrative expenses $256,322 Sheffield Company sells the fishing lures for $30.50. During 2020, the company sold 79,000 lures and produced 94,000 lures. Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number -45 or parentheses e.g. (45).) SHEFFIELD COMPANY Income Statement For the Year Ended December 31, 2020 Variable Costing Sales $ $ Variable Cost of Goods Sold $ Variable Selling and Administrative Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Net Income/(Loss) $ Assuming the company uses absorption costing, calculate Sheffield's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.) $ Manufacturing cost per unit Prepare an absorption costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHEFFIELD COMPANY Income Statement Absorption Costing $