O$$Sullivan$$s Products manufactures a single product. Cost, Sales, and production information for the company and its single product is as follows:

$$ Selling Price per unit is $ $58$

$$ Variable manufacturing costs per unit manufactured $($includes direct material $[$DM$],$ direct labor $[$DL$],$ and variable MOH$)$ $ $32$

$$ Variable Operating Expenses per unit sold $ $2$

$$ Fixed Manufacturing overhead $($MOH$)$ in total for the year $ $138,000$

$$ Fixed Operating expenses in total for the year $ $82,000$

$$ Units Manufactured and sold for the year $ $10,000$

Prepare an Income Statement for the upcoming year using variable costing approach.