Sullivan Equipment Company Variable Costing Income Statement For the Month Ended March 31 1 Sales (50,000 units) $6,750,000.00 2 Variable cost of goods sold: 3 Variable cost of goods manufactured $2,400,000.00 4 (400,000.00) 5 2,000,000.00 Inventory, March 31 (10,000 units) Total variable cost of goods sold 6 Manufacturing margin 7 Variable selling and administrative expenses 8 Contribution margin $4,750,000.00 1,550,000.00 $3,200,000.00 9 Fixed costs: 10 Fixed manufacturing costs $610,000.00 11 Fixed selling and administrative expenses 478,500.00 12 Total fixed costs 1,088,500.00 13 Income from operations $2,111,500.00 uctions Labels and Amount Descriptions Labels For the Month Ended March 31 March 31 Amount Descriptions Contribution margin Cost of goods manufactured Cost of goods sold Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Inventory, March 31 Loss from operations Manufacturing margin Sales Selling and administrative expenses Total cost of goods sold Variable neat and manufactured Ek My Work All wo Inventory, March 31 Loss from operations Manufacturing margin Sales Selling and administrative expenses Total cost of goods sold Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses Prepare an income statement under absorption costing. Peter to the list of Labels and Amount Descriptions for the exact worting of the answer choices for text entries Be sure to complete the statement heading. A colon () will automatically appear if required Enterall amounts as positive numbers. Round your cost per unit answer to two decimal places and final answer to nearest whole of Sullivan Equipment Company Absorption Costing Income Statement Label