The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business, 33e per unit 110,000 units 113,588 units 3,5e8 units StS $135) $ 472,500 280, eee $ 752,500 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,see units x $135) Fixed (3,5ee units * $8e) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this Variable Fixed $ 46 per unit 62 per unit $3,eee.ee 57, eee, eee $1,500,000 4, 4ee, see 1. Prepare the current year income statement for the company using variable costing. OAK MART COMPANY ariable Costing Income State Manufacturing costs this Direct materials Direct labor Total variable costs available Less. Ending finished goods inventory Variable cost of goods sold Variable selling and administrative e 2. Prepare the current-year income statement for the company using absorption costing OAR MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year An Net income (loss)