Sonic produces and sells a product with the following information: Unit Selling Price $100 per unit Unit Variable Production Costs Direect Materials $12 per unit Direct Labor $24 per unit Variable Overhead $16 per unit Fixed Production Costs $ 85,000 per year Variable Selling Costs $3 per unit Fixed Selling Costs $ 35,000 per year A total of 5,000 units were produced. Prepare absorption costing income statements assuming: Case 1: 5,000 units are sold Case 2: 6,000 units are sold Case 3: 4,500 units are sold Case 1 Case 2 Case 3 Sales Cost of Goods Sold Gross Profit Selling and Administrative Net Income