Griswold Company manufacturers a professional-grade vacuum cleaner and began operations in 2020. For 2020, Griswold budgeted to produce and sell 28,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are given as follows: (Click the icon to view the actual data for 2020.) Read the requirements. Requirement 1. Prepare a 2020 income statement for Griswold Company using variable costing. () Complete the top half of the income statement first, then complete the bottom portion. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field.) Variable Costing Data table A B 1 Units produced 23,000 2 Units sold 16,500 3 Selling price $ 450 4 Variable costs: 5 Manufacturing cost per unit produced: 6 Direct materials $ 30 7 Direct manufacturing labor 28 8 Manufacturing overhead 51 9 Marketing cost per unit sold 49 10 Fixed costs: 11 Manufacturing costs 12 Administrative costs 13 Marketing costs $ 1,428,000 946,100 1,311,200 Print Done