Expensive Text Company manufactures Cost Accounting textbooks for advanced accounting classes. The supervisor has provided the following information and stated that standard costing is used for manufacturing, marketing, and administrative costs.

	January, 2022
Finished Goods Beginning inventory	0
Production	2,500
Sales	2,300

Other information:
Selling price	$240.00
Standard variable DM cost/unit	$15.00
Standard variable DML cost/unit	$20.00
Standard variable VMOH cost/unit	$10.00
Standard variable market/admin. cost/unit sold	$40.00
Standard fixed manufacturing overhead cost/month	$120,000
Standard fixed market/admin. cost/month	$120,000
Budgeted denominator level per month (output units)	3,000

There were no beginning or ending inventories of materials or work-in-process.

Required: In the space below or on the provided Excel Spreadsheet, complete a Variable Costing Approach Income Statement for Expensive Text Company in proper form for January for full marks.