On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept:

Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31
Sales (8,800 units)			$404,800
Variable cost of goods sold:
Variable cost of goods manufactured	$190,800
Inventory, October 31 (1,800 units)	(32,400)
Total variable cost of goods sold			(158,400)
Manufacturing margin			$246,400
Variable selling and administrative expenses			(105,600)
Contribution margin			$140,800
Fixed costs:
Fixed manufacturing costs	$42,400
Fixed selling and administrative expenses	26,400
Total fixed costs			(68,800)
Operating income			$72,000

Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Maryville Equipment Company
Absorption Costing Income Statement
For the Month Ended October 31
		$______
Cost of goods sold:		_______
	$_______
	________
		_______
		$______
		_______
		$______