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Abbott Cider Company makes Apple Cider=> ONLY 1 PRODUCT

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Abbott Cider Company makes Apple Cider=> ONLY 1 PRODUCT. Here is its 2018 results: a. Units produced: 10,000 gallons. b. Apples used => 100,000apples at $1/apple c. 2 employees who work making the cider worked 4,000 dlh and were paid $20/dlh. d. Abbott paid the following bills: i. $1 of commission for each gallon of apple cider sold. ii. Abbott Sold 8,000 gallons of cider at $40/gallon. iii. Factory utilities of $40,000. iv. Factory rent of $10,000. v. Factory depreciation of $10,000. vi. Production supervisor salary of $20,000. vii. CEO/CFO salaries of $28,000. e. PREPARE the 2018 Income statement using (a) Absorption costing (i.e. what we've been doing for the quiz and homeworks 1-4 for financial reporting) (b) CVP.