Required information The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 310 per unit 100,000 units 103,000 units 3,000 units $ 405,000 240,000 5 645,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory coata Variable (3.000 units $135) Fixed (5,000 units x SBO) Total Manufacturing costs this year Direct materials Direct labar Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Pixed 48 per unit $ 62 per unit $3,200,000 $7,600,000 $1,450,000 4,400,000 2. Prepare the current year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year selling and administrative conto this year Variable Fixed $1,450.000 4,400,000 2 of 3 2. Prepare the current.year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net Income (los) Fixed costs added to subtracted from) inventory