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 330 per unit 105,000 units 108,500 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units x $130) Fixed (3,500 units x $70) S 3,500 units 455,000 245,000 700,000 Total Manufacturing costs this year Direct materials Direct labor 46 per unit 64 per unit overhead costs this year $3,400,000 $7,000,000 Variable overhead Fixed overhead Selling and administrative costs this year Variable $1,500,000 4,400,000 Fixed 1. Prepare the current-year income statement for the company using variable costing Required information OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year Required information Net income (loss)