Oriole Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows:

Variable manufacturing costs		$40	per shade
Fixed manufacturing costs		$113,300
Variable selling and administrative expenses		$9	per shade
Fixed selling and administrative expenses		$251,000
Selling price		$91	per shade
Units produced		10,300	shades
Units sold		8,560	shades

(a)

Prepare an income statement using absorption costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

ORIOLEWINDOWS Income Statement choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 Absorption Costing
select an income statement item Selling and administrative expensesNet income / (loss)FixedGross profitCost of goods soldCost of goods manufacturedBeginning inventoryVariableEnding inventorySales				$enter a dollar amount
select between addition and deduction AddLess:select an income statement item SalesGross profitEnding inventoryVariableCost of goods soldBeginning inventoryCost of goods manufacturedNet income / (loss)Selling and administrative expensesFixed				enter a dollar amount
select a summarizing line for the first part Selling and administrative expensesNet income / (loss)Cost of goods manufacturedBeginning inventoryEnding inventoryCost of goods soldFixedGross profitVariableSales				enter a total amount for the first part
select between addition and deduction LessAdd:select an opening section name Cost of goods manufacturedNet income / (loss)Beginning inventoryVariableFixedGross profitCost of goods soldSelling and administrative expensesEnding inventorySales
select an income statement item SalesBeginning inventoryNet income / (loss)VariableEnding inventoryGross profitCost of goods soldSelling and administrative expensesFixedCost of goods manufactured		$enter a dollar amount
select an income statement item SalesEnding inventoryFixedGross profitCost of goods manufacturedVariableNet income / (loss)Selling and administrative expensesCost of goods soldBeginning inventory		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for this statement Net income / (loss)FixedSelling and administrative expensesCost of goods soldBeginning inventoryVariableGross profitCost of goods manufacturedEnding inventorySales				$enter a total net income or loss amount

(b)