The following is the revenue and cost data for Crazy Curtains co. in the manufacturing of curtains for retail spaces for the year ended December 31, 2022:

Prepare an income statement using absorption costing:

AND Prepare an income statement using variable costing:

Variable manufacturing costs $35 per curtain Fixed manufacturing overhead $86,500 Variable selling and administrative expenses $6 per curtain Fixed selling and administrative expenses $184,600 Selling price $85 per curtain Units produced and sold 8,650 Income Statement Absorption Costing $ $