Che Required information (The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 115,000 units 118,000 units 3,000 units $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,000 units * $135) Fixed (3,000 units * $80) Total Manufacturing costs this year Direct materials Direct labor overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed 405,000 240.000 645,000 $ $ $ 40 per unit 62 per unit $3,220,000 $7,400,000 $1,416,000 4,600,000 2. Prepare the current-year income statement for the company using absorption costing, OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year + Required information Net income (loss) Fixed costs added to(subtracted from) inventory + S 405,000 240,000 645,000 $ Fixed (3,000 units X $80) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed S 40 per unit 62 per unit $3,220,00 $7,400,000 $1,416,000 4,600,000 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = units Fixed overhead per un