6. The variable costing income statement for Holt Company for this quarter is as follows: HOLT CORPORATION Variable Costing Income Statements For the current quarter Sales (5,000 units) $150,0 $500,000 00 Variable selling (10% of sales) Contribution Margin 50,000 200,000 300,000 $ Fixed manufacturing overhead $120,0 00 Fixed administrative expenses 192.000 72.000 Net income $ 108,000 Selected data for the quarter concerning the operations of the company are as follows: Beginning inventory Units produced Direct manufacturing labor Direct manufacturing materials Variable manufacturing overhead O units 8,000 units $15 per unit $8 per unit $7 per unit Required: Prepare an absorption costing income statement for the quarter