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 (10,400 units) $540,800 Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 (2,100 units) Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin $262,500 (44,100) (218,400) $322,400 (145,600) $176,800 Fixed costs: Fixed manufacturing costs $50,000 Fixed selling and administrative expenses 41,600 Total fixed costs (91,600) $85,200 Operating income 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 Line Item Description Cost of goods sold: Amount Amount