Splish Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price was $1.60 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials $0.49 Direct labour 0.08 Variable manufacturing overhead 0.21 Variable selling and administrative expenses 0.26 Annual xed costs and expenses: Manufacturing overhead $368,400 Selling and administrative expenses 342,000 Prepare an income statement using absorption costing. SplishCentre Inc. Income Statement Absorption Costing Prepare an income statement using variable costing. SplishCentre Inc. Income Statement Variable Costing