Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 51,000 units, but its production was 81,000 units. It had no beginning finished goods inventory for the current period. DIAZ COMPANY Income Statement (Variable Costing) Sales (51,000 units * $61.00 per unit) $3,111,000 Variable expenses Variable manufacturing expense (51,000 units * $28.10 per unit) 1,433, 100 Variable selling and admin. expense (51,000 units * $5.10 per unit) 260,100 Total variable expenses 1,693,200 Contribution margin 1,417,800 Fixed expenses Fixed overhead 332, 100 Fixed selling and administrative expense 166,050 Total fixed expenses 498,150 Net income $ 919,650 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 Sales $ 3.111.0001