A company reports the variable costing income statement for its first year of operations below. The company produced $400$ units and sold $380$ units.

$\backslash$table$[[$Sales $(380$$$1,810)$ :$,],[$Variable cost of goods sold $(380$$$720),687,800],[$Variable selling and administrative expenses $(380$$$70),273,600],[$Contribution margin,$26,600],[$Fixed overhead,$387,600],[$Fixed selling and administrative expenses,$72,000],[$Income$,57,900]]$

Using absorption costing, prepare the income statement for this year.