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. $ 338 per unit 185,eee units 188,758 units 3,750 units $ 525,000 281,250 $ 386,250 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $140) Fixed (3,758 units x 575) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ 42 per unit 66 per unit $3,288,888 $7,480, eee $1,300,000 4,680,eee 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 (loss)