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.

Budgeted
Production (Units)	180,000
Sales (Units)	174,000
Variable Prod. Cost @ $50 per unit	$9,000,000
Fixed Prod. Overhead	$1,800,000
Fixed Selling	$1,350,000
Actual
Variable Prod. Cost @ $50 per unit	$9,600,000
Fixed Prod. Overhead	$1,875,000
Fixed Selling	$1,350,000
Production (Units)	192,000
Sales (Units)	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.

(b) Prepare an absorption costing income statement for the company.

(c) Reconcile the income under both statements.