Prepare an income statement using absorption costing and one using variable costing

Following is the revenue and cost data for Blossom Ltd. in the manufacturing of luxury shower curtains for the year ended December 31, 2022: Variable manufacturing costs $30 per curtain Fixed manufacturing overhead $75, 150 Variable selling and administrative expenses $6 per curtain Fixed selling and administrative expenses $182,500 Selling price $85 per curtain Units produced and sold 8,350 Prepare an income statement using absorption costing. BlossomLtd. Income Statement For the Year Ended December 31, 2022 Absorption Costing