The Following Data Are Available for Atkinson Company for the Year

The following data are available for Atkinson Company for the year ended December 31,2015:
$\begin{array}{ll}\text { Sales } & 38,000 \text { units } \\\text { Sales price } & \$ 50 \text { per unit } \\\text { Actual variable manufacturing costs } & \$ 1,400,000 \\\text { Actual fixed manufacturing costs } & \$ 228,000 \\\text { Actual variable nonmanufacturing costs } & \$ 76,000 \\\text { Actual fixed nonmanufacturing costs } & \$ 135,000 \\\text { Work-in-process inventory, January 1, 2015 } & 0 \\\text { Finished goods inventory, January 1, 2015 } & 0 \\\text { Direct materials inventory, January 1, 2015 } & 0 \\\text { Work-in-process inventory, December 31,2015 } & 0 \\\text { Direct materials inventory, December } 31,2015 & 0 \\\text { Expected production } & 40,000 \text { units } \\\text { Actual production } & 40,000 \text { units }\end{array}$
Required:
A) Using the variable-costing approach, prepare an income statement for the year ended December 31, 2015. Assume 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 actual fixed costs were equal to budgeted fixed costs.