The Manaka Company had the data for its first three years of operation regarding its only product: Year 1 Year 2 Year 3 Total 50,000 30,000 120,000 40,000 40,000 120,000 $30 $30 $5 $5 $600,000 $600,000 $600,000 $2 $2 $2 $300,000 $300,000 $300,000 $100,000 $220,000 ? Units Produced Units Sold 40,000 40,000 $30 Unit Selling Price Unit Variable Manufacturing costs Fixed Manufacturing Overhead costs Unit Variable selling and admin costs Total Selling and admin costs Absorption Costing Operating Income Required: c.Prepare an income statement for Year 2, using the contribution format. $5

e. Prepare an income sfatement for Year 2, using the contribution format