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Monty Industries uses a standard cost accounting system. During March, 2022, the company reported the following manufacturing variances: In addition, 16,000 units of product were sold at $18 per unit. Each unit sold had a standard cost of $14. Selling and administrative. expenses for the month were $16,000. Prepare an income statement for management for the month ending March 31, 2022. (Enter favorable variance using either a negative sign precedins the number e.g. 45 or parentheses e.g. (45).)