Question

Prcpare the incomc statement for East Aquatic Company for the most rocent year Use the calculation ot cost of goods sold, cost o g0ods manufactured, and the amounts below. Assume that the ocmpany sold 37,000 units of its product at a price of $15 cach dunng the year 囲《Click the icon to view the amounts.) Click tne icon to view the calculation of cost of goods manufactured) (Cack tne icon to view the calculation of cnest ot goods sokd) Data Table East Aquatic Company Income Statement For Current Year End of Year $10,0D Beginning End of of Year Year Raw matenals nventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor 2,009 nsurance on plant Deprecistion-plant huilding and equipment 41,00032D $ 20,000 $23,00 Repairs and maintenance-plant 13,000 $ 3,500 $ 77000 $ 28500 Eeginning finished qguods invenlory Cost of goods available for sale Cost of goods manufectured Cast ot goods sold Ending finishod goods inventory Gerieral arnd administralive experises Cross profit 71,000 Marketing expenses $88,000 General and edministrative expenses $ 43,000 Print Done Operating expenses Opcrating income Operalig loss Sales revenues t fields and then click Check Answer

Answer 1