The following inventory table has separate columns for Year 1 and Year 2 Year 1 Year 2 B? 20,000 12,000 C? Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory The following price and cost information applies for Year 1 and Year 2 Selling price $112 per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year 0 15,000 15,000 A? Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $18 $22 $7 $588,000 $19 $115,000 legere a co Requirement 1: Fill in the Blanks for the 1st table - variables A, B, and C. Requirement 2. Assume the company uses variable costing. Prepare an As income statement for each year