Hall Cosmetics Corporation company has the following costs associated with its production and sales. Beginning Inventory Units Produced 63,500 Units Sold 52,800 Selling Price per Unit $ 18.00 Variable Selling Expense $ 2.15 Fixed Selling Expense $ 112,500 Direct Material Cost $ 4.25 Direct Labor Cost $ 4.75 Variable Mfg Overhead $ 2.50 Fixed Mfg Overhead $ 190,500 Prepare an Absorption Income Statement as of December 31, 2020. Round to the nearest whole dollar