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 $ 370 per unit Units produced this year 126,000 units Units sold this year 126,000 units Variable selling and administrative expenses $ 22 per unit Fixed selling and administrative expenses $ 4,650,000 per year Direct materials $ 50 per unit Direct labor $ 72 per unit Variable overhead $ 38 per unit Fixed overhead $ 8,694,000 per year 1. Prepare the current-year income statement using variable costing. 46,620,000 OAK MART Income Statement (Variable Costing) Sales Less: Cost of goods sold Direct materials $ 6,300,000 Direct labor 9,072.000 Variable overhead costs $ 47.880,000 OV 63.252,000 Income Required information (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 $ 370 per unit Units produced this year 126,000 units Units sold this year 126,000 units Variable selling and administrative expenses $ 22 per unit Fixed selling and administrative expenses $ 4,650,000 per year Direct materials $ 50 per unit Direct labor $ 72 per unit Variable overhead $ 38 per unit Fixed overhead $ 8,694,000 per year 2. Prepare the current-year income statement using absorption costing. OAK MART Income Statement (Absorption Costing) Income