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Required Informationadd#$1$ to the questions displayed below.$]$

Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.

$\backslash$table$[[$Sales price per unit,$$39$ per unit$],[$Units produced this year,$130,0$ units$],[$Units sold this year,$130,0$ units$],[$Variable selling and administrative expenses,$$26$ per unit$],[$Fixed selling and administrative expenses,$$4,670,0$ per year$],[$Direct materials,$$54$ per unit$],[$Direct labor,$$76$ per unit$],[$Variable overhead,$$42$ per unit$],[$Fixed overhead,$$9,490,0$ per year$]]$

Prepare the current$-$year income statement using varlable costing.

$\backslash$table$[[$OAK MART$],[$Income Statement $($Variable Costing$)],[$Sales$],[$Less: Variable expenses$],[$Beginning inventory$],[(],[$Variable overhead costs$],[F$