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Diaz Company reports the following variable costing income statement for its only product Sales total 59,000 units, but production was 89,000 units. Diaz had no beginning finished goods inventory. DIAZ COMPANY Sales (59,800 units * $69.00 per unit) Income Statement (Variable Costing) Variable expenses $ 4,871, eee Variable cost of goods sold (59,000 units * $28.90 per unit) $ 1,705, 100 Variable selling and administrative expenses (59,808 units x 55.90 per unit) 348, 10e 2,053,200 Contribution margin 2,017,800 Fixed expenses Fixed overhead 436,100 Fixed selling and administrative expense 218,050 654, 150 51,363,650 Income Prepare an absorption costing income statement $4.071.000 DIAZ COMPANY Income statement (Absorption Costing) Sales cost of goods sold Grow Profit Selling and administrative expenses income 4,071.000 $4071.000