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. 320 per unit Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory coss 115,000 units 118,000 units 3,000 units Variable (3,000 units x $135) Fixed (3,000 units x $80) Total $ 405, o00 240,000 $645,000 Manufacturing costs this year Direct materials Direct labor Overhead costs this year 40 per unit 62 per unit Variable overhead Fixed overhead $3,220,000 $7,400,000 Selling and administrative costs this year Variable Fixed $1,416,oo0 4, 600,000 2. Prepare the current year income statement for the company using absorption costing. 8 Answer is not complete