Diaz Company reports the following variable costing income statement for its only product. Sales total 52.000 units, but production was 82,000 units. Diaz had no beginning finished goods inventory. Sales (52,000 units $62.00 per unit) Variable expenses DIAZ COMPANY Incane Statement (Variable Costinal Variable cost of goods sold (52,000 units $28,20 per unit) Variable selling and administrative expenses (52,000 units $5.20 per unit) Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expense i Income Prepare an absorption costing income statement DIAZ COMPANY Income Statement (Absorption Costing) $3,224,000 $1,466,400 270,400 1,736,300 1,487,206 344,400 172,200 510,600 $970,000 0 0