PLEASE URGENT!

Variable and Absorption Costing Summarized data for 2016(the first year of operations) for Gorman Products, Inc, are as follows Sales (75,000 units) Production costs (80,000 units) 56,000,000 Direct material 760,000 Direct labor 1,440,000 Manufacturing overhead: Variable .088,000 40.000 Fixed Operating expenses Variable Depreciation on equipment Real estate taxes Personal property takes inventory & equipment 36,000 00,000 120,000 6,000 57,600 60,000 Personnel department expenses a. Prepare an income statement based on full absorption costing Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answe to the nearest whole number, when applicable. Absorption Costing Income Statement Sales 6,000,000 Cost of Goods Sold Beginning Inventory