Trez Company began operations this year. During this year, the company produced $100,000$ units and sold $80,000$ units. The absorption costing income statement for this year follows.

$\backslash$table$[[$Income Statement $($Absorption Costing$),],[$Sales units $$$$50$ per unit$),$$$4,000,000$

Trez Company began operations this year. During this year, the company produced $100,000$ units and sold $80,000$ units. The absorption costing income statement for this year follows.

Income Statement $($Absorption Costing$)$

Sales units $$$$50$ per unit$)$

Cost of goods sold

Gross profit

Selling and administrative expenses

Income

$\backslash$table$[[$$$4,000,000$