Nesman Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	130
Units in beginning inventory		320
Units produced		6,670
Units sold		6,780
Units in ending inventory		210
Variable costs per unit:
Direct materials	$	42
Direct labor	$	26
Variable manufacturing overhead	$	2
Variable selling and administrative	$	20
Fixed costs:
Fixed manufacturing overhead	$	160,080
Fixed selling and administrative	$	88,140

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

b.	Prepare an income statement for the month using absorption costing.