Trez Company began operatlons this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Additional Information a. Selling and administratlve expenses consist of $350,000 In annual fixed expenses and $2.25 per unit in varlable selling and administratlve expenses. b. The company's product cost of $25 per unit consists of the following. Requlred: Prepare an Income statement for the company under varlable costing. Requlred: Prepare an Income statement for the company under varlable costing