Hall Cosmetics Corporation has the following costs associated with its production and sales. \begin{tabular}{|l|rr|} \hline Direct Material Cost & $ & 5.25 \\ \hline Direct Labor Cost & $ & 4.75 \\ \hline Variable Mfg Overhead & $ & 2.50 \\ \hline Fixed Mfg Overhead & $ & 94,000 \\ \hline \end{tabular} Prepare an Absorption Income Statement as of December 31, 2021