On July $31,2016,$ the end of the first month of operations, Rhys Company prepared the following income statement, based on the absorption costing concept:

$\backslash$table$[[\backslash$table$[[$Rhys Company$],[$Income Statement $-$ Absorption Costing$],[$For the Month Ended July $31,2016]]],[1,$Sales units$),,$$$4,440,000,00$