Stonehenge Inc., a manufacturer of landscaping blocks, began operations on April 1 of the current year. During this time, the company produced 750.000 units and sold 720,000 units at a sales price of $9 per unit. Cost information for this period is shown in the following table: Production costs Direct materials Direct labor $1.80 per unit $.30 per unit $495.000 in total Variable overhead $450,000 in total Fixed overhead Nonproduction costs Variable selling and administrative $18,000 in total. $53,000 in total Fixed selling and administrative Prepare Stonehenge's December 31 income statement for the current year under absorption costing. Prepare Stonehenge's December 31 income statement for the current year under variable costing.