The data given below pertains to the operations of the Newton Products Corporation for the year ended December 31,2016. 
Based on the information given prepare an income statement for the year using the absorption costing approach.Assume that the beginning finished goods inventory had a cost of $32.50 per unit.
Definitions:
Skills Mismatch
A discrepancy between the skills offered by labor market participants and the skills demanded by employers.
Available Job Openings
The number of job positions that are currently unfilled and available to be applied for by job seekers.
Deflation
A decrease in the general price level of goods and services, often associated with an increase in the value of money.
Disinflation
A decrease in inflation rate, demonstrating a deceleration in how quickly the costs of goods and services increase.
Q10: What is the minimum amount of protein
Q13: A patient asks a nurse what causes
Q14: Organizations that utilize the perpetual inventory method
Q16: A patient with homonymous hemianopsia is in
Q20: What are complications that may occur with
Q28: Marginal income on sales is the equivalent
Q45: The cost of goods manufactured is computed
Q72: Better Blankets,Inc.makes a SnuggieBlank using flannel material
Q77: The Manufacturing Overhead Applied account for Cullverin
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5411/.jpg" alt=" Using direct costing,the