Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this y follows 35 per unit 55 per unft Sanufacturing costs Direct materials Direct labor Overhead costs Variable Fixed Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales peice per unit 20 per unit 58.000,00 (per year) 5775,000 $4,000,000 LAO,000 units 70, Dee units 360 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. Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Valable Continename Statement 145 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this y follows 35 per unit 55 per unft Sanufacturing costs Direct materials Direct labor Overhead costs Variable Fixed Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales peice per unit 20 per unit 58.000,00 (per year) 5775,000 $4,000,000 LAO,000 units 70, Dee units 360 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. Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Valable Continename Statement 145