Pharoah Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as fol lows: Variable manufacturing costs $41 per shade Fixed manufacturing costs $117,700 Variable selling and administrative expenses $9 per shade Fixed selling and administrative expenses $251,000 Selling price $93 per shade Units produced 10.700 shades Units sold 8,460 shades 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).) PHAROAHWINDOWS Income Statement For the Year Ended December 31, 2022 Absorption Costing Sales LA 786780 Less Cost of goods sold 439920 i Gross profit 346860 Less Selling and administrative expenses Variable 76140 Fixed 251000 327140 Net income / (loss) 19720Prepare an income statement using variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) PHAROAHWINDOWS Income Statement Variable Costing v $