CleanAir Company manufacturers a professional-grade vacuum cleaner and began operations in 2020 . For 2020 , CleanAir budgeted to produce and sell 27,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are given as follows: (Click the icon to view the actual data for 2020.) Read the requirements. Requirement 2. Prepare a 2020 income statement for CleanAir Company using absorption costing. Complete the top half of the income statement first, then complete the bottom portion. (For amounts with a $0 balance, make sure to enter " 0 " in the appropriate input field. Label any variances as favorable (F) or unfavorable (U).) Data table Requirement 3. Explain the differences in operating incomes obtained in requirements 1 and 2 . The difference in operating income under absorption costing and variable costing is The 2020 opera than the operating income under variable costing under absorption costing is because As a result, under costing, a portion of the overhead remained in inventory and led to a cost of goods sold than under the other method