Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: produced 40.000 of operotions. Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it Required: 1. Assume the company uses vatiable costing: a. Compute the unit product cost for Year 1 and Year 2 b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: o. 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 varlable costing and absorption costing net operating income in Year 1. Complete this question by entering vour answers in the tabs below