Use the absorption costing method to create the Salmon Manufacturers' income statement for July 2022.

Opening inventory - Nil Number of units manufactured - $5 000 Number of units sold - $4 500 Selling price per unit - $300 Direct materials cost per unit - $60 Direct labour cost per unit - $40 Fixed manufacturing overheads cost - $90 000 Variable manufacturing overheads per unit - $30 Fixed selling cost - $50 000 Fixed administrative cost - $60 000 Sales commission - $30 per unit