ebook Show Me How Pri tem On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable conting concepti Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Sales (11.000 white) 5660,000 Variable cost of goods sold: Variable cost of goods manufactured $321,600 Inventory, October 31 (2,400 units) (57,600) Total variable cost of goods sold (264,000) Manufacturing margin $396,000 Variable selling and administrative expenses (176,000) Contribution margin $220,000 Fixed costs: Fixed manufacturing costs 567,000 Fixed selling and administrative expenses 44,000 Total fixed costs (111,000) Operating income $109,000 Prepare an income statement under absorption costing, Round all final answers to whole dollars. Maryville Equipment Company Absorption Costing Income Statement For the Month Ended October 31 Cost of goods sold $321,600 (57,600) (264,000) Variable C GOU010 Variable cost of goods manufactured Inventory, October 31 (2,400 units) Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin $396,000 (176,000) $220,000 Fixed costs: $67,000 Fixed manufacturing costs Fixed selling and administrative expenses 44,000 (111,000) Total fixed costs $109,000 Operating income