On march 31, the end of the first month of operations, sullivan equipment company prepared the following income statement, based on the variable costing concept:

sullivan equipment company variable costing income statement for the month ended march 31
sales (264,000 units) $66,000,000
variable cost of goods sold:
variable cost of goods manufactured $45,000,000
inventory, march 31 (36,000 units) (5,400,000)
total variable cost of goods sold 39,600,000
manufacturing margin $26,400,000
variable selling and administrative expenses 2,400,000
contribution margin $24,000,000
fixed costs:
fixed manufacturing costs $ 7,500,000
fixed selling and administrative expenses 375,000
total fixed costs 7,875,000
income from operations $16,125,000

prepare an income statement under absorption costing.
sullivan equipment company absorption costing income statement for the month ended march 31
sales $
cost of goods sold:
cost of goods manufactured $
inventory, march 31
total cost of goods sold gross profit $
selling and administrative expenses income from operations $