Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 330 per unit Units produced this year 115,000 units Units sold this year 119,000 units Units in beginning-year inventory 4,000 units Beginning inventory costs Variable (4,000 units $135) $ 540,000 Fixed (4,000 units $70) 280,000 Total $ 820,000 Manufacturing costs this year Direct materials $ 42 per unit Direct labor $ 66 per unit Overhead costs this year Variable overhead $ 3,200,000 Fixed overhead $ 7,400,000 Selling and administrative costs this year Variable $ 1,450,000 Fixed 4,200,000 2. Prepare the current-year income statement for the company using absorption costing.