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 ($210,000/3,000 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 3,000 2,300 $ 345 $ 50 $ 45 $ 12 $ 70 $ 29,900 $ 64,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. 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 793,500 161,000 632,500 Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Fixed General and Administrative Expenses 29,900 64,000 Net Operating Income $ 538,600 Full Absorption Costing Variable Costing Prepare variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Sales $ 793,500 188,600 Less: variable cost of goods sold Contribution Margin 604,900 Less: Fixed Costs Variable Manufacturing Costs Fixed General and Administrative Expenses 64,000 Net Operating Income