Woish Company manufisctures snd sells one product. The folowing information pertaina to esch of the campony's first two yeers of aperstions: During its first yeer of operetiona, Wislsh produced 50,000 unlts and sald 40,000 unlts. During its second yeer of operstionk, it produced 40,000 units and sald 50,000 units. The seling price of the compsny's product ls $60 per unit. Required: 1. Agsume the compeny uses varlsble coating: a. Compute the unlt product cost far Yeor 1 snd Yesr 2 b. Prepore sn income stetement far Year 1 snd Yesr 2 2. Assume the compery uses ebsorptian costing: a. Compute the unlt product cost far Yeer 1 snd Yesr 2 b. Prepere sn income statement far Yeer 1 and Yesr 2 3. Reconclle the dlfierence between variable costing snd absorption costing net opersting income in Yesp 1. Complete this question by entering your answers in the tabs below. Assume the company uses varlable costing. Prepare an income statement for Year 1 and Year 2