Oak Mart a producer of sohd oak tables, reports the followlng data from Its second year of busmesa Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs variable 13,500 units x $135) Fixed {3,500 units X $803 Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ $ $ $ $ $ 320 105,000 103,500 3,500 472,500 230,000 752,500 44 60 3,000,000 7,200,000 1,400,000 4,400,000 per unit units units units per unit per unit 2. Prepare the current-year Income statement for the company using absorption costing. DAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) Fixed costs added to (subtracted from) inventory