Kildeer Company makes easels for artists. During the last calendar year, a total of 37,000 easels were made, and 38,000 were sold for $60 each. The actual unit cost is as follows: Direct materials $15.00 Direct labor 5.00 Variable overhead 11.00 Fixed overhead 14.00 $45.00 Total unit cost The selling expenses consisted of a commission of $1.20 per unit sold and advertising co- payments totaling $91,500. Administrative expenses, all fixed, equaled $178,500. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $148,500 for 3,300 easels. Required: 1. Calculate the number and the dollar value of easels in ending finished goods inventory. 2. Prepare a cost of goods sold statement. 3. Prepare an absorption-costing income statement. Add column for percentage of sales.