> The Beca Company produces a 10-inch chef kniteu by commercial chefs. The knives sell for $200 each in 2020. the company produced 10.000 units and sold 7.000 units. There he beginning inventory. Following are variable and full casting income statements for 2020 - 15 E Income Statement Prepared Using Variable Costing Beca Company Income Statement For the Year Ending December 31, 2020 Sale $1.400.000 Less variable costs Variable cost of goods sold 5515.000 Variable selling expense 164 000 679.000 721.000 Les fed costs Foxed manufacturing expense 350.000 Fixed selling expense 108.000 Fbed administrative pense 205.000 663 000 Net income 558.000 Income Statement Prepared Using Full Costing Beca Company Income Statement For the Year Ending December 31, 2020 Sales 51.400.000 Less cost of goods sold 760.000 Gross margin 640.000 Less selling and administrative expenses Selling expense 5272.000 Administrative expense 205.000 477000 Net income 5163.000 Reconcile the difference in profit between the two income statements. (Round cost per unit to 2 decimal places, s 15.25 and final ortswers to decimal places, s 125) Reconciliation Statement Net Income under variable costing Beginning inventory under full costing Net income under full costing