Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory Units Produced Units Sold 0 24,000 19,200 Selling Price per Unit $144 Variable Sales and Administration Expenses $5 Fixed Sales and Administration Expenses $931,200 Direct Material Cost per Unit $26 Direct Labor Cost per Unit $10 Variable Manufacturing Overhead Cost per Unit $4 Fixed Manufacturing Overhead Cost per Month $938,400 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank. Appliance Apps Income Statement: Absorption Sales Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Inventory 2,764,800