During $2022,$ Pharoah Corp. produced $39,300$ units and sold $39,300$ for $$15$ per unit. Variable manufacturing costs were $$7$ per unit.

Annual fixed manufacturing overhead was $$78,600($$$2$ per unit$).$ Variable selling and administrative costs were $$3$ per unit sold, and fixed selling and administrative expenses were $$19,500.$

Prepare a variable$-$costing income statement.

PharoahCorp.