During 2020, Rafael Corp. produced 46,700 units and sold 42,030 for $15 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $84,060. Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $19,400. (a) Prepare an absorption-costing income statement. Rafael Corp. Income Statement-Absorption Costing $ $