Question 33 15 pts Baker Company, a manufacturer or bath tubs, began operations on July 1 of this year. Its cost and sales information follow: Production costs Direct Materials $30/unit Direct Labor $70/unit Overhead Costs for the Year Variable Overhead $2,000,000 Fixed Overhead $8,000,000 Non-production Costs for the Year Variable Selling & Admin. $525,000 Fixed Selling and Admin. $3,475,000 Production and Sales for the Year Units Produced Units Sold Sales Price Per Unit$500/unit 200,000 units 50,000 units Required: (1) Prepare an income statement for the company using absorption costing (10 points). In order to get you must show your work. any points