Sales (10,700 units) $599,200 Variable cost of goods sold: Variable cost of goods manufactured $283,800 (48,400) Inventory, March 31 (2,200 units) Total variable cost of goods sold 235,400 Manufacturing margin $363,800 160,500 Variable selling and administrative expenses Contribution margin $203,300 Fixed costs: Fixed manufacturing costs $51,600 42,800 Fixed selling and administrative expenses 94,400 Total fixed costs $108,900 Income from operations Prepare an income statement under absorption costing. Round all final answers to whole dollars. Sullivan Equipment Company Absorption Costing Income Statement For the Month Ended March 31 Sales 599,200 Cost of goods sold: Cost of goods manufactured 335,400 Sullivan Equipment Company Absorption Costing Income Statement For the Month Ended March 31 Sales 599,200 Cost of goods sold: Cost of goods manufactured 335,400 Inventory, March 31 Total cost of goods manufactured Gross profit Selling and administrative expenses Income from operations