Speedwagon Inc. shows the following information for 2019: Direct materials (variable) 31,400 Direct labor (variable) C 19,500 Manufacturing overhead (fixed) C 84,600 Selling and advertising costs (variable) 6,800 Selling and marketing costs (fixed) 21,500 Other operating expenses (fixed) 146,000 Interest expenses 18,000 Income tax expense 30% of pre-tax income Depreciation and amortization charges represent 20% of Manufacturing overhead, 5% of fixed Selling and marketing expenses, and 15% of other operating expenses. During the year, the company manufactured 1,850 units of finished goods and to sold 1,640 units at 220 each. The company also distributed 30 units of products for promotion. There are no inventories of materials and work in progress. Required: 1. Prepare the income statement using the cost of goods sold format, clearly showing the EBIT; 2. Prepare the income statement using the total outpux format. clearly showing the EBITDA and the EBIT