Griswold Company began operations in 2013. The company manufacturers a professional grade vacuum cleaner and can make up to 18,000 units each year. Actual data for 2013 are given as follows :

units produced - 18,000 units sold - 17,500 selling price - $425 variable costs: Manufacturing cost per unit direct materials $30 direct manufacturing labor $25 manufacturing overhead $60 marketing cost per unit $45

Fixed costs: manufacturing cost $1,080,000 administrative cost $965,450 marketing $1,366,400 prepare a 2013 income statement for Griswold Company using absorption costing.