Discon Corporation manufactures a popular doll called Teardrops. Last year the company started with 11,500 dolls, produced 280,000 dolls, and ended the year with 9,500 dolls. Each doll was sold for $21. The actual unit cost for Teardrops is given below: Direct material Direct labour variable overhead Fixed overhead Total unit cost $ 2.45 0.80 2.80 8.45 $14.50 The only selling expenses were a commission of $2 per unit sold and advertising amounting to $365,000. Administrative expenses, all fixed, equalled $285,000. There were no beginning and ending work-in-process inventories. Required: 1. Prepare an income statement. Discon Corporation Income Statement For the Year Ended December 31, XXXX Selling and administrative expenses: 0 0 $ 0