Smuckers manufactures a variety of high-quality jams and jellies. They have found their blueberry jam is currently in high demand. Last year strawberry jam was their biggest selling jam and the year before was orange marmalade. The production plan and costs for blueberry jam production for the current year is show below. Sales price per case (12 jars per case) Direct Material cost per case Direct Labor cost per case $32.00 $15.00 $ 6.00 $ 3.00 Total Fixed Manufacturing Overhead costs for the year Total Fixed selling and administrative costs for the year $90,000 $20,000 Variable Manufacturing Overhead per case Forecasted sales and production for the year are 30,000 cases. Prepare a traditional absorption income statement for the year using the data provided. Ignore income taxes