Bahrain Manufacturing Company sells its products for $17 each. Budgeted and actual production is 25,000 units. Sales are 20,000 units. The following additional information is available: Unit manufacturing costs are: - Direct materials $3.00; Direct manufacturing labor $4.50; Variable manufacturing costs $2.25: Total fixed manufacturing costs $90,000 Fixed marketing expenses $10,000; and Marketing expenses $2.00 per unit sold There is no beginning inventory, and Ending inventory is 5,000 units. REQUIRED: (a) Prepare an income statement using absorption costing. (b) Prepare an income statement using variable costing. (C) Explain the difference in income between variable and absorption costing