Fill out the missing values for Direct Labor, Direct Material, Fixed and Variable Overhead Costs. Show all work please! Thank you!

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows Manufacturing costs Direct materials Direct labor Overhead costs for the year 40 per unit 60 per unit Variable overhead $3,000,000 $7,000,000 Fixed overhead Selling and administrative costs for the year Variable Fixed $770,000 $4,250,000 Production and sales for the year Units produced Units sold Sales price per unit 100,000 units 70,000 units 350 per unit Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Sales 24500,000 Less: Cost of goods sold Direct labor Direct materials Fixed overhead costs Variable overhead costs Cost of goods sold Gross margin Selling general and administrative expenses Variable selling and administrative expenses Fixed selling and administrative costs 10,500,000 770,000 4,250,000 Total selling, general and administrative expenses Net income (loss) 5,020,000 $5,480,000