The Delta Company began operations on January 1, 2019. Data for the company's first three years of operations are as follows: 2019 2020 2021 Variable Production Cost Per Unit $4.00 $4.00 $4.00 Variable Selling Expense Per Unit $2.00 $2.00 $2.00 Fixed Overhead Per Year $600,000 $600,000 $600,000 Fixed Selling Expense Per Year $ 70,000 $ 70,000 $ 70,000 Production ( In Units) 50,000 60,000 30,000 Sales (In Units) 40,000 40,000 50,000 Selling Price $20.00 $20.00 $20.00 Assume that the company uses Actual Costing and carries no Work In Process Inventories. Also, assume that the company uses FIFO method of assigning costs to Finished Goods Inventories. A. Prepare, in good form, an Absorption Costing Income Statement for 2020. Make sure that you use the production and sales figures from 2019 to determine how many units are in your Beginning Finished Goods Inventory for 2020. B. Prepare, in good form, a Variable Costing Income Statement for 2021. Please note that this is a different year from Part A. C. You are asked by the Controller of Delta to quickly compute the Net Operating Income for 2021 using Absorption Costing . Since you are in a staff meeting, you quickly provide her with a reconciliation schedule that you learned in Accounting 208 while at Delaware. For this problem ONLY, provide the reconciliation schedule to determine what the Net Operating Income would be for 2021 using Absorption Costing. The Variable Cost Net Operating Income for purposes of this schedule is $20,500 (not your answer in B)