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 for net income (loss). if the answer represents a net $ 8000000 Absorption Costing Income Statement Sales Cost of Goods Sold: Beginning Inventory Direct materials 2100000 Direct labor 1680000 Manufacturing overhea 2310000 Less: Ending Inventory Cost of Goods Sold Gross profit Operating expenses Net Income (Loss) 440000 x 7560000 x 1200000 6360000 x Variable and Absorption Costing Sumarted data for 2019 theirst year of prions for trenton Products was follows thadon b with your answer for the on con come o f the awer represents and loss otherwise do not use negatives with any answers. Round answers to the nearest Whole number, when applicable Only