During 2022, Bridgeport Manufacturing produced 51,600 units and sold 47,300 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $103,200 ($2 per unit). Variable selling and administrative costs were $1 per unit sold and fixed selling and administrative costs totaled $25,800. Prepare an absorption costing income statement. Sales Cost of Goods Sold Gross Profit BRIDGEPORTMANUFACTURING Income Statement (Absorption Costing) Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Net Income/(Loss)