The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000/3,000 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 3,000 2,500 $ 340 $ 60 $ 55 $ 10 $ 75 $ 32,500 $ 63,000 Full Absorption Costing Variable Costing Prepare Crystal Cold's full absorption costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Full Absorption Costing Variable Costing Prepare variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Less: variable cost of goods sold Contribution Margin Less: Fixed Costs Net Operating Income