This is all one question broken into parts. please answer.

part 1

part 2

The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 318 per unit 105,000 units 105,000 units $ 12 per unit $4,000,000 per year $ 48 per unit $ 68 per unit $ 30 per unit $ 7,400,000 per year 1. Prepare the current year income statement using variable costing 32,550,000 OAK MART Income Statement (Variable Costing) Sales Plus: Variable expenses Beginning inventory Direct materials Selling and administrative expenses Contribution margin Plus Fbced expenses Fixed overhead Fixed selling and administrative expenses Income [The following information applies to the questions displayed below.} Oak Mart, a producer of solid oak tables, reports the following data from its first year of business Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead 5310 per unit 105,000 units 105,000 units $ 12 per unit $ 4,000,000 per year $ 48 per unit $ 68 per unit $ 30 per unit $ 7,400,000 per year 2. Prepare the current-year income statement using absorption costing. OAK MART Income Statement (Absorption Costing) Sales Income