A business operated at 100% capacity during its first month of operations, with the following results:

Sales (90 units)

$90,000

Production costs (100 units)

Direct materials

$40,000

Direct labor

20,000

Variable factory overhead

2,000

Fixed factory overhead

7,000

Total manufacturing costs

69,000

Operating expenses:

Variable

Variable operating expenses

$ 8,000

Fixed operating expenses

1,000

Total operating expenses

9,000

Use this information to complete a variable costing income statement.