Dlaz Company reports the following varlable costing Income statement for Its single product. This company's sales totaled 46,000 units, but its production was 76,000 units. It had no beginning finished goods Inventory for the current period. Diaz cOMPANY Income Statement (Variable Costing) Sales (46,88e units $56.8 per unit) Variable expenses $2,576,990 Variable manufacturing expense (46,ee units $27.60 per unit) Variable selling and admin. expense (46,880 units x $4.68 per unit) Total variable expenses Contribution margin Fixed expenses 1,269,69e 211,688 1,481,288 1,894,89e Fixed overhead Fixed selling and administrative expense Total fixed expenses 273,688 136,89e 418,40e $684,40e Net income 1. Convert Dlaz's varlable costing Income statement to an absorption costing Income statement. DIAZ COMPANY Absorption Costing Income Statement 5 2,576,000 Selling general and administrative expenses Net income (loss)