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Urgent please [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced

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[The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 42,000 units and sold 34,000 units at a price of $120 per unit. Assume the company uses variable costing. Prepare its income statement for the year under variable costing 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing

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