[The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 110,000 units 113,750 units 3,750 units $ 506,250 262,500 768, 750 $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $135) Fixed (3,750 units * $70) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ 44 per unit $ 70 per unit $3,400,000 $ 7,200,000 $1,400,000 4,400,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY 3 Variable Costing Income Statement 4:32 Beginning inventory: Manufacturing costs this year 0 0 Net income (loss)