Start Me Up Inc. manufactures a caffeinated energy drink that sells for $4.40 each. The results for its first year of operations appear in the table below: Number of drinks produced Number of drinks sold Direct materials per drink Direct labor per drink Variable manufacturing overhead per drink Total fixed manufacturing overhead Total fixed selling and administrative costs Projections 54, 500 47, 300 $ 0.69 $ 0.39 $ 0.29 $ 39, 785 $ 57,000 Required: 1. Compute the operating income for the first year under full costing. 2. Compute the operating income for the first year under variable costing. (For all requirements, do not round intermediate calculations.) 1. Operating income for the first year under full costing 2. Operating income for the first year under variable costing