Sims Company, a manufacturer of tablet computers, began operations on January 1,2017. its cost and sales information for this year follows. 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing? Complete thls queation by entering your answers in the tabs below. Frepare an income statemerk for the vear using varlable coetine. Slrns Company, a manufacturer of tablet computern, began operathons on lanusry 1,2017 , it cust and sales information for this yeor follows. 1. Prepare an income statement for the year using varlable costing. 2. Prepare an income statement for the year using absorption costing. 3. Under what circumstancels) is reported income identical under both absorption costing and varlable costing? Complete thile questies by entering reur anwers is the tabs belem. 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. 3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing? Complete this question by entering your answers in the tabs below. Under what circumstance(s) is reported income identical under both abserption costing and variable costing