Walsh company manufactures and sells one product. The following information pertains to each of the company s first two years of operations. Direct materials. 25$ Direct labor. 10$ Variable manufacturing overhead 4$ Variable selling and administrative. 3$ Fixed manufacturing overhead. 240000$ Fixed selling and administrative expenses. 60000$ During its first year of operations , Walsh produced 50000 units and sold 40000 units. During its second year of operations , it produced 40000 units and sold 50000 units. The selling price of the company s product is 54 $ per unit. 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. Reconcile the difference between variable costing and absorption costing net operating income in Year 1.