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. Sales price per unit Units produced this year $ 320 per unit 100,000 units Units sold this year 103,250 units Units in beginning-year inventory 3,250 units Beginning inventory costs Variable (3,250 units x $135) $ 438,750 Fixed (3,250 units x $70) 227,500 Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable $ 666,250 $ 48 per unit $ 62 per unit $3,400,000 $7,200,000 $1,400,000 Fixed 4,200,000 . Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY