Sims Company began operations on January 1. its cost and sakes information for thin ye ar follow Prepare an income statement for the year using variable costing. Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. pare an income statement for the year using variable costing. Prepare an income statemerit for the year using variable costing. Prepare an income statement for the year using ibsorption costing