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 Casting Income Statement For the Month Ended October 31 Sales (11,200 units) $604.800 Variable cost of goods sold Variable cost of goods manufactured $294,000 Inventory, October 31 (2.200 units) (48.400) Total variable cost of goods sold (246,400) Manufacturing margin $358.400 Variable selling and administrative expenses (156,000) Contribution margin $201.600 Fred costs: Fred manufacturing costs $53.600 Fixed selling and administrative expenses 44,800 Total foed costs (98,400) Operating income $103.200 Prepare an income statement under absorption costing Hound all final answers to whole dollars. Maryville Equipment Company Calculator Fixed costs: $53,600 44,800 Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income (98,400) $103,200 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