Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing conto Direct materials Direct labor Overhead coats Variable Fixed Selling and administrative costs for the year Variable Pixod Production and sales for the year Units produced Unita nola Salon price per unit 35 per unit $ 55 per unit $ 20 per unit $8,400,000 per year) $800,000 $4,000,000 105,000 units 75,000 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 Dronam an inen tant for the sun chia retina Required 1 Required 2 Prepare an income statement for the year using variable costing, SIMS COMPANY Variable Costing Income Statement Net income (106) Required Required 2 > Required 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Net income (loss)