Thornton Manufacturing Company makes a product that sells for $74.20 per unit. Manufacturing costs for the product amount to $25.60 per unit variable, and $64,320 fixed. During the current accounting period, Thornton made 3,200 units of the product and sold 2,400 units. Selling and administrative expenses were zero. Required a. Prepare an absorption costing income statement. b. Prepare a variable costing income statement. Complete this question by entering your answers in the tabs below. Prepare an absorption costing income statement. Note: Do not round intermediate calculations