Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $9.00 Direct labor $4.14 Variable manufacturing overhead $6.96 Variable selling and administrative expenses $4.68 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses dy $288,000 $252,120 Siren Company sells the fishing lures for $30.00. During 2020, the company sold 82,000 lures and produced 95.000 ures (d) Prepare an absorption costing income statement for 2020. (Enter negative amounts using either an e.g. (45).) SIREN COMPANY Income Statement For the Quarter Ended December 31, 2020 For the Year Ended December 31, 2020 December 31, 2020 Sales $ Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses $ Total Variable Expenses Net Income/(Loss) $ LINK TO TEXT