Tech Plus produces and sells laptop cases at its factory. The following information relates to the production of the cases for the period ending March 2022. 180,000 Budgeted Production (Units) Sales (Units) Variable Prod. Cost @$50 per unit Fixed Prod. Overhead Fixed Selling Actual 174,000 $9,000,000 $1,800,000 $1,350,000 Variable Prod. Coste50 per unit Fred Prod Overhead $9.600,000 $1.875,000 $1,350,000 Pound Selling Production Units) Unit 192.000 186,000 Time left 1: Variable Prod. Cost @ $50 per unit $9,600,000 Fixed Prod. Overhead $1,875,000 $1,350,000 Fixed Selling Production (Units) Sales (Units) 192,000 186,000 The fixed production overhead was absorbed at a pre-determined rate per unit produced. One laptop case is sold for $260. At the beginning of March 2022, there was an opening inventory of 10,500 units valued at $630,000. Required: (a) Prepare a marginal costing Income statement for the company (6) Prepare an absorption costing Income statement for the company, (c) Reconcile the income under both statements. [3 marks) [10 marks) [2 marks]