Required information

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Cool Sky reports the following for its first year of operations. The company produced $42,000$ ?units and sold $34,000$ ?units at a price of $$130$ ?per unit.

Direct materials

Direct labor

Variable overhead

Fixed overhead

Variable selling and administrative expenses

Fixed selling and administrative expenses

$\backslash$table$[[$$$54,$per unit$],[$$$20,$per unit$],[$$$6,$per unit$],[$$$462,000,$per year$],[$$$11,$per unit$],[$$$105,000,$per year$]]$

$1$b$.$ ?Assume the company uses absorption costing. Prepare its income statement for the year under $$bsorption costing.

Answer is complete but not entirely correct.

$\backslash$table$[[$Income Statement $($Absorption Costing$)],[$Sales$,($ ?$$,4,420,000$