The following information pertains to the first year of operation for Crystal Cold Coolers Inc.:

Number of units produced		3,100
Number of units sold		2,400
Unit sales price	$	355
Direct materials per unit		55
Direct labor per unit		60
Variable manufacturing overhead per unit		14
Fixed manufacturing overhead per unit ($217,000/3,100 units)		70
Total variable selling expenses ($13 per unit sold)		31,200
Total fixed general and administrative expenses		55,000

1. Prepare Crystal Colds 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.)