Trez Company began operations this year. During this year, the company produced 100,000 units and sol absorption costing income statement for this year follows. Additional Information a. Selling and administrative expenses consist of $350,000 in annual fixed expenses and $1.75 per unit i administrative expenses. b. The company's product cost of $25 per unit consists of the following. Additional Information a. Selling and administrative expenses consist of $350,000 in annual fxed expenses and $175 per unit in variable selling and administrative expenses. b. The company's product cost of $25 per unit consists of the following. Required: Prepare an income statement for the company under variable costing. TREZ Company Income Statement (Variable Costing)