Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 53,000 units, but its production was 83,000 units. It had no beginning finished goods inventory for the current period. DIAZ COMPANY Income Statement (Variable conting) Salen (53,000 units X $63.00 per unit) $3,339,000 Variable expenses Variable manufacturing expense (53,000 unit. * $28.30 per unit) 1,499,900 Variable selling and admin. expense (53,000 units X $5.30 per unit) 280,900 Total variable expenses 1,780,800 Contribution margin 1.558,200 Fixed expenses Fixed overhead 356,900 Fixed selling and administrative expense 178,450 Total fixed expenses 535, 350 Net income $1,022,850 1. Convert Diaz's variable costing Income statement to an absorption costing Income statement 2. Fill in the blanks: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Convert Diaz's variable costing income statement to an absorption costing Income statement. DIAZ COMPANY Absorption Costing Income Statement