Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept: Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Sales (13,800 units) Variable cost of goods sold: $579,600 Variable cost of goods manufactured Inventory, October 31 (1,700 units) Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses $263,500 (28,900) (234,600) $345,000 151,800) $193,200 Contribution margin Fixed costs: Fixed manufacturing costs $46,500 Fixed selling and administrative expenses 41,400 Total fixed costs (87,900) Operating income $105,300 Contribution margin Fixed costs: $193,200 Fixed manufacturing costs $46,500 Fixed selling and administrative expenses 41,400 Total fixed costs (87,900) Operating income $105,300 Prepare an income statement under absorption costing. Round all final answers to whole dollars. Maryville Equipment Company Absorption Costing Income Statement For the Month Ended October 31 Line Item Description Cost of goods sold: Amount Amount 10000