Prepare an absorption costing income statement for 2022. (Enter negative amounts using either a negative sign preceding the nu e.g.-45 or parentheses e.g. (45).) WILDHORSE COMPANY Income Statement Absorption Costing LA SA

Prepare an absorption costing income statement for 2022. (Enter negative amounts using either a negative sign preceding ther e. -45 or parentheses e.g. (45).) Wildhorse Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Wildhorse Company sells the fishing lures for \$30.50. During, 2022, the company sold 79,000 lures and produced 94,000 lures