[The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 355 per unit 123,000 units 123,000 units $ 19 per unit $ 4,635,000 per year $ 47 per unit $ 69 per unit $35 per unit $ 8,118,000 per year 1. Prepare the current-year income statement using variable costing. Sales OAK MART Income Statement (Variable Costing) $ 43,665,000 Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed overhead Fixed selling and administrative expenses $ 18,573,000 2,337,000 20,910,000 22,755,000 $ 8,118,000 4,635,000 Income 12,753,000