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 ($188,500/2,900 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 2,900 2,400 355 $ 50 $ 55 $ 14 65 $ 36,000 $ 55,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Complete this question by entering your answers in the tabs below. 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 Sales Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Fixed General and Administrative Expenses Variable Selling Expense Net Operating Income Complete this question by entering your answers in the tabs below. Full Absorption Costing Variable Costing Prepare variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Sales Less: variable cost of goods sold Variable Selling Expenses Contribution Margin Less: Fixed Costs Fixed General and Administrative Expenses Fixed Manufacturing Overhead Expenses Net Operating Income