Novak Manufacturing produces towels to be sold as souvenirs at sporting events throughout the world. Assume that units produced equalled units sold in 2022. The company's variable-costing income statement and other data are as follows: NOVAKMANUFACTURING Income Statement Year Ended December 31, 2022 Variable Costing Sales (269,900 units) $580,285 Variable cost of goods sold $269,900 Variable selling expenses 21,592 Variable administrative expenses 32,388 323,880 Contribution margin 256,405 Fixed manufacturing overhead 94,465 Fixed selling expenses 37,500 Fixed administrative expenses 42,800 174,765 Net income $81,640 Unit selling price $2.15 Variable costs per unit Direct materials 0.20 Direct labour 0.40 Variable overhead 0.40 Variable selling expenses 0.08 Variable administrative expenses 0.12Prepare an absorption-costing income statement for Novak Manufacturing. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 125.)