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 ($232,500/3,100 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 3,100 2,400 $ 355 $ 65 $ 45 $ 10 $ 75 $ 33,600 $ 58,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. EFull 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 852,000 520,500 X 331,500 X Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Fixed General and Administrative Expenses 33,600 58,000 Net Operating Income $ 239,900 Full Absorption Costing Variable Costing Prepare variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Sales $ 852,000 Less: variable cost of goods sold 0 x Beginning Inventory Cost of Goods Manufactured XXX Oo Ending Inventory Contribution Margin O Less: Fixed Costs 232,500 Fixed Manufacturing Overhead Expenses Fixed General and Administrative Expenses 58,000 Net Operating Income $ 0