Vinson Co. manufactures and sells one product. Assume the selling price for each item is $225/per unit. The following information pertains to the companys first two years of operation:

Variable Costs Per Unit:

Manufacturing:

Direct Materials $34/unit

Direct Labor $23/unit

Variable Selling and Administrative $4/unit

Variable Manufacturing Overhead $6/unit

Fixed Costs:

Fixed Manufacturing Overhead $720,000

Fixed Selling and Administrative $120,000

Additionally, Vinson Company provides you with the following inventory flow information in terms of units for YEAR 1 & YEAR 2:

YEAR 1:

Beginning Inventory (units): 0

Units Produced: 120,000

Units Sold: 90,000

Ending Inventory (units): 30,000

YEAR 2:

Beginning Inventory (units): 30,000

Units Produced: 100,000

Units Sold: 115,000

Ending Inventory (units): 15,000

A. FOR YEAR 1 AND YEAR 2 PREPARE THE COMPANY'S TRADITIONAL INCOME STATEMENTS