Question 3 Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: enses Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Selling price Units produced Units sold $40 per shade $110,000 $9 per shade $250,700 $90 per shade 11,000 shades 8,660 shades (a) Your answer is partially correct. Try again. Prepare 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 ASIAN WINDOWS Income Statement For the Year Ended December 31, 2020 Variable Costing 779400 Sales Less variable costs T Variable cost of goods sold 433000 T Variable selling and administrative expenses 77940 Total variable costs 510940 Contribution margin 268460 Less Fixed costs T Fixed manufacturing overhead 110000 T Fixed selling and administrative expenses | 250700 T Total fixed costs ] 360700 Net income