3 Required information [The following information applies to the questions displayed below.] Part 1 of 3 Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 16.66 points $ 320 per unit 105,000 units 108,750 units 3,750 units eBook $ 506,250 281,250 $ 787,500 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units x $135) Fixed (3,750 units x $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed References $ $ 44 per unit 60 per unit $3,400,000 $7,600,000 $1,400,000 4,400,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Sales Beginning inventory: Variable costs Manufacturing costs this year Direct materials Direct labor Variable overhead costs Variable selling and administrative expenses Net income (loss)