Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows:

Variable manufacturing costs		$40	per shade
Fixed manufacturing costs		$118,800
Variable selling and administrative expenses		$9	per shade
Fixed selling and administrative expenses		$250,200
Selling price		$91	per shade
Units produced		10,800	shades
Units sold		8,720	shades

(a)

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Prepare an income statement using absorption costing.

ASIAN WINDOWS Income Statement Absorption Costing
				$
		$