EX $20-6$ Absorption costing income statement

$$ Income from

operations,

$$17,025,000$

SHOW ME HOW

On March $31,$ the end of the first month of operations, Sullivan Equipment Company pre$-$

pared the following income statement, based on the variable costing concept:

Sullivan Equipment Company

Variable Costing Income Statement

For the Month Ended March $31$

Prepare an income statement under absorption costing.