Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryvile Equpenent Company prepared the following income statement, based on the variable costing concept: Prepace an income statement under absorption costing. Round all final answers to whole doliars. Absorption costing Income Statement. On Dctober: 31, the end of the fitst month of operations, Maryville Equipment Company prepared the following income statement, based on the vartable costing concepti. Prepore an income statement under absorption costing. Round all final answers to whole dollars