Ook Mart, producer of solid ook tables. reports the following cloto from its second year of business. Sales price per unit 330 per unit Units produced this year 115,000 units Units sold this year 8,750 units Units in beginning-year inventory 3750 units Beginning inventory costs 506,250 Variable (3,750 units x $135) Fixed (3750 units x $80) 300.000 806,250 Manufacturing costs this year Direct materials 48 per unit 62 per unit Direct labor Overhead costs this year $3.200.000 Variable overhead Fixed overheen $7200,000 Selling and adminstrative costs this year 1,500,000 Variable 4,000,000 12.50 points 1. Prepare the current year income statement for the company using variable costing OAK MART COMPANY Variable Costing Income Statement Sales Less Variable costs Beginning inventory: variable costs Manufacturing costs this year Direct labor Direct materials Total variable costs available Less: E nding finished goods inventory Variable cost of goods sold Variable selling and administrative expenses Total variable costs Contribution margin Less: Fixed expenses Fixed overhead costs Fixed selling and administrative costs Net income (oss)