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Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit $ 345 per unit Units produced this year 121,000 units Units sold this year 121,000 units Variable selling and administrative expenses $ 17 per unit Fixed selling and administrative expenses $ 4,625,000 per year Direct materials $ 45 per unit Direct labor $ 67 per unit Variable overhead $ 33 per unit Fixed overhead $ 7,744,000 per year 1. Prepare the current-year income statement using variable costing. OAK MART Income Statement (Variable Costing)