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 $554,400 Sales (9,900 units) Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 (2,200 units) $266,200 (48,400) (217,800) Total variable cost of goods sold Manufacturing margin $336,600 (148,500) Variable selling and administrative expenses Contribution margin $188,100 Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses $48,400 39,600 Total fixed costs (88,000) Operating income $100,100 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: $ $