ODonneifs Products manufactures a single product Cost, sales, and production information for the company and its single product is as follows: (1) iclick the icon lo view the data) Read the requirements Contribution Marain Incame statament Masiabia n........ More info - Seling price per unit is $65 - Variable manufacturing costs per unit manufactured fincludes direct materials (DM), direct labor [DL], and variable MOH] \$36 - Variable operating expenses per une sold 51 - Fixed manufaciuring overhead (MOH) in total for the year $77,000 - Fixed operating expenses in sotal for the year $95,000 - Units manubctured and sold for the year 7,000 units Requirement 2. Prepare an income stalement for the upcoming yoar using absorption costing. For the Year Ended December 31 Contribution margin Cost of goods sold Fixed expenses Fixed manufacturing overhead Fixed operating expenses Gross profit year using absorption costing Operating expenses Operating income Sales revenue Variable cost of goods sold Variable expenses Variable operating expenses