Variable and Absorption Costing Summarized data for 2019 (the first year of operations) for Trenton Products, Inc., are as follows: Sales (100,000 units) $8,000,000 Production costs (105,000 units) Direct material 2,100,000 Direct labor 1,680,000 Manufacturing overhead: Variable 1,260,000 Fixed 1,050,000 Operating expenses: Variable 560,000 Fixed 640,000 a. Prepare an income statement based on full absorption costing. Only use a negative sign with your answer fo