Walsh Company manufactures and sells one product. The following information pertains to the company's first two years of operations: variable cost per unit manufacturing direct materials $$30$ direct labor $$12$ variable manufacturing overhead $$5$ variable selling and administrative $$4$; fixed costs per year $,$ fixed manufacturing overhead $$240,00$ fixed selling and administrative expenses $$60,000.$ During its first years of operations $,$ Walsh produced $50,000$ units and sold $40,000$ units. During its second year of operations, it produced $40,000$ units and sold $50,000$ units. The selling price of the company's product is $$51$ per unit. Assume the company uses variable costing. Prepare an income statement for Year $1$ and $2.$ Assume that the company uses absorption costing. Compute the unit product cost for year $1$ and $2.$ Assume the company uses absorption costing. Prepare an income statement for Year $1$ and $2.$ Reconcile the difference between variable costing and absorption costing net operating income in Year $1.$