Walsh Company manufactures and sell one product. The following information pertains to each of the company's first years of operations Variatile coste per unit matur Direct tents 527 Direct labor 112 Variable facturing overhead Variable selling and administrative 15 Pixed cost per year Fixed manufacturing overhead 320,000 Tixed selling and administrative expenses 10,000 During its first year of operations, Walsh produced 50.000 units and sold 40.000 units. During its second yoor of operations, produced 40.000 units and sold 50,000 units. The selling price of the company's product is $S1 per unit Required: 1. Assume the company uses variable costing a. Compute the unit product cost for Year 1 and Year 2 6. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2 3. Reconcile the difference between Variable costing and absorption costing net operating income in Yeart Complete this question by entering your answers in the tabs below. RIA LN Reg 2 Assume the company uses variable couting, Compute the unit product cost for years and year 2. Year 2 Unit productos Ya Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req ZA Reg 28 Reg 3 Reconcile the difference between variable costing and absorption costing net operating income in Year 1. (Enter any losses of deductions as a negative value.) Yeart Year Variable costing net operating income () Add (deduct) fixed manufacturing overhead deferred in (related from inventory under absorption costing Absorption conting net operating income (10) (R20