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10 pts Markham Industrial Limited intends to sell 50,000 units for $10 per unit in 2022. Production details are: variable manufacturing costs are $3 per

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10 pts Markham Industrial Limited intends to sell 50,000 units for $10 per unit in 2022. Production details are: variable manufacturing costs are $3 per unit. annual fixed manufacturing overhead is $200,000, variable selling and administrative costs are $1 per unit sold, and fixed selling and administrative costs are $30,000. Allan King, the company manager, has decided to produce 60.000 units in 2022 based on his operations data in 2021. Using the information provided for Markham Industrial Limited, and the decision of Allan fill in the blanks for the absorption-casting income statement for 2022 Link to Spreadsheet (Optional) ---> Click to open: At the decided production level for 2022: 1. Sales - 5 I 2. Cost of Goods Sold - 5 rounded to the nearest whole number 2. The gross margin- rounded to the nearest whole number 4. The total variable and fed selling and administrative expenses - $ 5. The net income for the year 2022-5

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