Pharoah Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows: 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 (a) Prepare an income statement using absorption costing. (Enter loss using either a negative sign pr