Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 52,000 units, but its production was 82,000 units. It had no beginning finished goods inventory for the current period. $3,224,000 DIAZ COMPANY Income Statement (Variable Costing) Sales (52,000 units * $62.00 per unit) Variable expenses Variable manufacturing expense (52,000 units X $28.20 per unit) Variable selling and admin. expense (52,000 units X $5.20 per unit) Total variable expenses Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expense Total fixed expenses Net income 1,466,400 270,400 1,736,800 1,487,200 344,400 172,200 516,600 970,600 $ 1. Convert Diaz's variable costing income statement to an absorption costing income statement. 2. Fill in the blanks: Answer is not complete. 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 $ 3,224,000 Sales Less: Cost of goods sold Fixed overhead costs Variable manufacturing costs OOOO $ 218,400 1,466,400 1,684,800 1,466,400 Cost of goods sold Gross margin Selling general and administrative expenses Fixed selling and administrative costs Variable selling and administrative expenses lo 172,200 270,400 Total fixed expenses Net income (loss) 442,600 $ 1,909,000 X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blanks: (Round the fixed overhead per unit to two decimal places.) fixed overhead per The dollar difference in variable costing income and absorption costing income = units X unit