Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead $520, 090 Fixed selling and administrative expenses $160, 090 During its first year of operations, O'Brien produced 91,000 units and sold 73,000 units. During its second year of operations, It produced 75,000 units and sold 88,000 units. In its third year, O'Brien produced 89,000 units and sold 84,000 units. The selling price of the company's product is $76 per unit. Required: 1. Assume the company uses variable costing and a FIFO Inventory flow assumption (FIFO means first-In first-out. In other words, It assumes that the oldest units In inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an Income statement for Year 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare an income statement for Year 1, Year 2, and Year 3. O'Brien Company Variable Costing Income Statement Year 1 Year 2 Year 3 Variable expenses Total variable expenses 0 0 Fixed expenses: Total fixed expenses 0 0 o s