Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit $ $395$ per unit Units produced this year $131,000$ units Units sold this year $131,000$ units Variable selling and administrative expenses $ $27$ per unit Fixed selling and administrative expenses $ $4,675,000$ per year Direct materials $ $55$ per unit Direct labor $ $77$ per unit Variable overhead $ $43$ per unit Fixed overhead $ $9,694,000$ per year $1.$ Prepare the current$-$year income statement using variable costing.