Exercise $19-10($Algo$)$ Absorption costing income statement LO P$2$

Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it

prepares the income statement under absorption costing for external reporting. For its first month of

operations, $325$ bikes were produced and $215$ were sold. Income statement information under variable

costing follows.

Prepare the company's income statement under absorption costing.