D XYZ Company, reports the following Total costs at two levels of production Beginning Inventory = 0 Units Ending Inventory = 0 Units Selling Price Per Unit $90 1000 Units 2000 Units Cost Type Costs: Manufacturing Cost Direct Materials Period Cost Maintenance Manufacturing Cost Direct Labor Manufacturing Cost Indirect Material Manufacturing Cost Depreciation Period Cost Utilities Period Cost Rent 20000 8000 17000 1000 4000 3000 6000 40000 10000 34000 2000 4000 5000 6000 Required: Required: Prepare Absorption Income Statement for Production level of 4000 Units, Given that Beginning Inventory Units and Ending Inventory =500 Units Answer Title Total Sales Revenue 360,000 Cost of Goods Sold Gross Profit (Loss) Selling And Aministrative Expenses Net Operating Income