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QUESTION 2 (10 Marks) REQUIRED Prepare the Income Statement of Waltons Manufacturers for the month ended 28 February 2021 using the absorption costing method. INFORMATION The following forecasts were obtained from the accounting records of Waltons Manufacturers for the month ended 28 February 2021: Inventory on 01 February 2021 Nil Production 25 000 units Sales 23 000 units Selling price per unit R100 Manufacturing costs: Fixed manufacturing costs R240 000 per month Variable manufacturing costs per unit R42 Marketing costs: Sales personnel's salaries and advertising R40 000 per month Delivery costs R5 per unit sold Administration costs: Salaries R50 000 per month Other office costs R4 per unit sold