Question 6 (Absorption Costing) Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: 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 $100,000 $9 per shade $250,000 $90 per shade 10,000 shades 8,500 shades Prepare an income statement using absorption costing. [5 marks]