Walsh Company manufactures and sells one product. The folowing Information pertains to each of the company's first two years operations: Variable coste per uniti Manufactarings Variable selling and ixed costs per Fixed manofacturing overheed 320,000 90,000 During its first year 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 $88 per unit 1. Assume the company uses varlable 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 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 Year 1 Complete this question by entering your answers in the tabs below Rea IA Req 18 Req 2A Rea 28 Rea 3 Assume the company uses absorption costing. Prepare an income statement for Year 1 and Y caiculations to 2 decmal places.) Pry lot llll Next MacBook Air s88 3 5 9