The following information pertains to the first year of operation for Crystal Cols Coolers Inc. Number of units produced 3,000 Number of units sold 2,500 Unit sales price $ 350 Direct materials per unit 80 Direct labor per unit 60 Variable manufacturing overhead per unit 10 Forced manufacturing overhead per unit ($225,000 + 3.000 units) 75 Total variable seling expenses ($15 per unit Sold) 37,500 Total fixed general and administrative expenses 65,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing Income statement for the year (Do not leave any numeric cells blank, enter a zero wherever required) CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement Sales 875,000 Less Cost of Goods Sold Cost of Goods Manufactured 675,000 675.000 Cost of Goods Available for Sale Ending Inventory 312,500 Cost of Goods Sold Gross Margin Less Non Manufacturing Expenses Variable Selling Expense Fixed General and Administrative 37.500 65,000 Net Operating Income 3 210,000) CRYSTAL COLD COOLERS ING Variable Costing Income Statement Less: Variable Cost of Goods Sold Cost of Goods Available for Sale Variable Cost of Goods Sold Contribution Margin Less: Food Costs Net Operating Income