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Swifty's production company used standard costing in its first year of operations. The company's budgeted and actual production for the year was 4,800 units. Fixed production costs were budgeted at $52,800, while fixed operating expenses were budgeted at $35,000. The variable manufacturing cost per unit was $22, and the variable operating expense per unit was $6. At the end of the year, Swifty is working on the company's absorption costing income statement. Sales for the year were 3,700 units at a selling price of $50 per unit. There were no standard cost variances this year. Present the company's income statement for this year using good form