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 variabile casting concept: Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Sales (11,200 units) 5672.000 Variable cost of goods sold: Variable cost of goods manufactured $326,400 Inventory, October 31 (2,400 units) (57.600) Total variable cost of goods sold (268,800) Manufacturing margin $403.200 Variable selling and administrative expenses (179.200) Contribution margin $224,000 Fixed costs Fixed manufacturing costs $68.000 Fixed selling and administrative expenses 44,800 Total foxed costs (112.800) Operating income $111.200 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 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 Cost of goods sold: 000)