Question: Im unsure why my gross profit is incorrect. Please explain and show work. Thank you.

Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 330 per unit 118,000 units 118,000 units $ 14 per unit $ 4,610,000 per year $ 42 per unit $ 64 per unit $ 30 per unit $ 7, 198,000 per year 2. Prepare the current-year income statement using absorption costing. X Answer is complete but not entirely correct. OAK MART Income Statement (Absorption Costing) $ Sales 38,940,000 23,246,000 Cost of goods sold Gross profit Selling and administrative expenses 15,694,000 x 6,262,000 9,432,000 Income $