During 2020, Rafael Corp. produced 38,000 units and sold 38,000 for $14 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $76,000 ($2 per unit). Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $18,000. Prepare a variable-costing income statement. Rafael Corp. Income Statement-Variable Costing For the Year Ended December 31, 2020 Sales 532000 Less Fixed selling and administrative expenses $