please only correct whats in red

Absorption costing income statement Instructions Labels and Amount Descriptions Absorption Costing Income Statement Instructions $10,500,000.00 Sullivan Equipment Company Variable Costing Income Statement For the Month Ended March 31 1 Sales (70,000 units) 2 Variable cost of goods sold: 3 Variable cost of goods manufactured $3,220,000.00 Inventory, March 31 (10,500 units) (420,000.00) 5 Total variable cost of goods sold 6 Manufacturing margin 7 Variable selling and administrative expenses Contribution margin 2,800,000.00 $7,700,000.00 2,205,000.00 $5,495,000.00 9 Fixed costs: 10 Fixed manufacturing costs 11 Fixed selling and administrative expenses 12 Total fixed costs $840,000.00 489,500.00 1,329,500.00 13 Income from operations $4,165,500.00 Absorption Costing Income Statement Shaded cols have feedback Prepare an income statement under absorption costing. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Acolon () will automatically appear if required Enter all amounts as positive numbers. Found your cost per unit answer to two decimal places and ral answers to nearest whole dollar Score: 65/72 Sullivan Equipment Company Absorption Costing Income Statement For the Month Ended March 31 1 Sales $10.500,000.00 3 7 Cost of goods sold: Cost of goods manufactured 4 Inventory, March 31 54.260,000.00 529,515.00 5 Total cost of goods sold 3,530,485.00 . Gross profit 7 Selling and administrative expenses $6,969,515.00 2,694,500.00 $1.275,015.00 Income from operations