Vacuum Magic Company manufacturers a professional-grade vacuum cleaner and began operations in 2020. For 2020, Vacuum Magic budgeted to produce and sell 27,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are given as follows: (Click the icon to view the actual data for 2020.) Read the requirements. ..... Requirement 1. Prepare a 2020 income statement for Vacuum Magic Company using variable costing. Complete the top half of the income statement first, then complete the bottom portion. (For amounts with a $0 balance, make sure to enter "O" in the appropriate input field.) Variable Costing Data Table C B Units produced 24,000 2 Units sold 15,500 3 Selling price 430 4 Variable costs: 01 Manufacturing cost per unit produced: 6 Direct materials 30 7 20 8 Direct manufacturing labor Manufacturing overhead Marketing cost per unit sold 68 9 48 10 Fixed costs: 11 Manufacturing costs $ 1,836,000 12 Administrative costs 910,500 13 Marketing costs 1,311,200 Print Done