Tampa Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Direct materials $2 Direct labor $3 $4 Variable manufacturing overhead Variable selling and administrative expense $ $1 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $2,000 $4,000 During its first year of operations, Tampa produced 500 units and sold 400 units. The selling price of the company's product is $26 per unit. Assume the company uses variable costing. Prepare an income statement for Hear 1. Prepare an income statement for Year 1. Year 1 Sales Variable expenses: Variable CGS Variable Selling & Adm. Contribution margin Fixed expenses: Fixed MOH Fixed Selling & Adm. Net income