Alfa produces and sells a single product. You are given the following for selected data relating to the product; o Selling price per unit 100 o Units sold 8 o Units produced 10 o Units in beginning inventory-O- o Cost of production 32 for one unit o Variable Selling and administration cost per unit sold 5 Total Fixed selling and distribution cost per year 70 o Costing system: Absorption Required Prepare an income statement (profit and loss) under the Absorption costing system