32 Degrees, Inc., a manufacturer of frozen food, began operations on July 1 of the current year. During this time, the company produced 140,000 units and sold 140,000 units at a sales price of $125 per unit. Cost information for this period is shown below. 
(a.) Prepare 32 Degree's December 31st income statement for the current year under absorption costing.
(b.) Prepare 32 Degree's December 31st income statement for the current year under variable costing.
Definitions:
Normal Breath
The typical process of inhaling and exhaling air in a healthy individual without any respiratory conditions.
Blood H+ Levels
The concentration of hydrogen ions in the blood, which determines blood pH and is crucial for maintaining acid-base balance in the body.
Blood CO2 Levels
The concentration of carbon dioxide in the blood, which is important for regulating the body's pH balance.
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