Absorption Costing Income Statement On March 31, the end of the first month of operations, Sullivan Equipment Company prepared the following income statement, based on the variable costing concept: Sullivan Equipment Company Variable Costing Income Statement For the Month Ended March 31 Sales (13,600 units) $707,200 Variable cost of goods sold: Variable cost of goods manufactured $329,700 Inventory, March 31 (2,100 units) (44,100) Total variable cost of goods sold 285,600 Manufacturing margin $421,600 Variable selling and administrative expenses 190,400 Contribution margin $231,200 Fixed costs: Fixed manufacturing costs $62,800 Fixed selling and administrative expenses 54,400 Total fixed costs 117,200 Income from operations $114,000 Prepare an income statement under absorption costing. Round all final answers to whole dollars. Sullivan Equipment Company Absorption Costing Income Statement For the Month Ended March 31 $ Cost of goods sold: $ $ $