Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. 3 38 per unit 58 per unit 20 per unit $8,400,000 (per year) Manufacturing 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 price per unit $4.800,000 185.00 units 75.820 units per 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing, Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Sales Less. Variable costs Direct materials Direct labor Variable overhead costs Variable selling and administrative expenses Total variable costs Contribution margin Netimomme ose Prepare an income statement for the year using absorption costing.. SIMS COMPANY Absorption Costing Income Statement Net Income (loss