During $2022,$ Basler Manufacturing produced $60,000$ units and sold $55,000$ for $$10$ per unit. Variable manufacturing costs were $$5$ per unit. Annual fixed manufacturing overhead was $$120,000($ $$2$ per unit$).$ Variable selling and administrative costs were $$1$ per unit sold and fixed selling and administrative costs totaled $$30,000.$

Prepare an absorption costing income statement.

BASLER MANUFACTURING Income Statement $($Absorption Costing$)$