the following data are available for scream company for the year ended december 31 2 1554026

Sales 38,000 unites

Sales price $50 per unit

Actual variable manufacturing costs $1,400,000

Actual fixed manufacturing costs $228,000

Actual variable nonmanufacturing costs $76,000

Actual fixed nonmanufacturing costs $135,000

Work in process inventory, January 1, 2015 0

Finished goods inventory, January 2015 0

Direct materials inventory January 2015 0

Work in process inventory December 31, 2015 0

Direct material inventory, December 31, 2015 0

Expected production 40,000 units

Actual production 40,000

A) Using the variable-costing approach, prepare an income statement for the year ended December 31, 2015, Assume the actual fixed costs were equal to budgeted fixed costs

B) Using the absorption-costing approach, prepare an income statement for the year ended December 31, 2015. Assume the actual fixed costs were equal to budgeted fixed costs.