Prepare an income statement using variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Selling price Units produced Units sold $41 per shade $114,400 $9 per shade $250,600 $93 per shade 10,400 shades 8,450 shades Prepare an income statement using variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) ASIAN WINDOWS Income Statement For the Year Ended December 31, 2020 Variable Costing Sales 782130 Less Variable costs Variable cost of goods sold 344810 Variable selling and administrative expenses Total variable costs Contribution margin Less Fixed costs Fixed manufacturing overhead Fixed selling and administrative expenses Total fixed costs Net income