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 Direct labor Nariable manufacturing overhead Variable selling and administrative expenses $10.35 $4.76 $8.00 $5.36 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $307,050 $289.938 Siren Company sells the fishing lures for $34.50. During 2020, the company sold 80,000 ures and produced 89.000 lures. Prepare an absorption costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es.(45)) SIREN COMPANY Income Statement Absorption Costing