Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow.

$\backslash$table$[[\backslash$table$[[$Income Statements $($Absorption Costing$)],[$Sales $($ $$60$ per unit$)],[$Cost of goods sold $($ $$45$ per unit$)],[$Gross profit$]],\backslash$table$[[$Year $1],[1,920,000$