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 (13,300 units) $851,200 Variable cost of goods sold: Variable cost of goods manufactured $413,400 Inventory, October 31 (2,600 units) (67,600) Total variable cost of goods sold (345,800) Manufacturing margin $505,400 Variable selling and administrative expenses (226,100) Contribution margin $279,300 Fixed costs: Fixed manufacturing costs $79,500 Fixed selling and administrative expenses 53,200 Total fixed costs (132,700) Operating income $146,600 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 Sales Cost of goods sold: Cost of goods manufactured Inventory, October 31 Total cost of goods sold Gross profit 1000 Selling and administrative expenses Operating income