Jane graduates from high school in June 2018. In the fall, she enrolls for twelve units at Big State University. Big State University considers students who take 12 or more units to be full-time. Jane's father pays her tuition and fees of $2,500 for the fall semester and in December prepays $2,500 for the spring semester. In 2018, the American Opportunity credit for Jane's tuition and fees before any AGI limitation is:a.$1,800
b.$5,000
c.$2,200
d.$2,500
e. None of these are correct.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.