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Required Information [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 3ee per unit 105,000 units 109,000 units 4,000 units $ 560, eee 300,000 $ 850,00 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4, eee units * $140) Fixed (4,000 units * $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this yean Variable Fixed $ de per unit 64 per unit $3,400, see, 31.450,000 2000 2. Prepare the current-year Income statement for the company using absorption costing 2. Prepare the current-year Income statement for the company using absorption costing. 52 OAK MART COMPANY Absorption Costing Income Statement Sales Less: Variable costs Beginning inventory Manufacturing costs this year Direct materials Direct labor Variable overhead costs 54:01 ok Net income (loss) Fixed costs added to subtracted from inventory Prev 01 It