Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. $ Manufacturing costs Direct materials Direct The Overhead costs Variable 35 per unit 55 per unit to per unit 56,300,000 (per year) Selling and administrative costs for the Variable $ 800,000 $4,250,000 Production and sales for the year 105,000 units 75.00 units Sales price per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Recured Required 2