Question

Please ,answer third picture.

14 Iding Blocks of Ianagerial Accounting pare Income Statement ew the following amounts for West Nautical Company. Assume that the Raw laterials Inventory contains only ect materials. The Calculation of Direct laterials Used, Schedule of Cost of Goods lanufactured, and culation of Cost of Goods Sold can be found under the "COSTOFGOODSSOLD" tab. End of Year $ 11, 500 Beginning End of of Year Year $ 23, 000 25, 000 Insurance on plant Raw materials inventory York in process inventory 35, 000 $ 31,000 Depreciation plant bui1ding and equi pment $ 13, 400 Fini shed goods inventory 20,000 $ 22, 000 Repairs and maintenance-plant Purchases of direct materials Direct labor indirect labor $ 3, 700 $ 77,000 $28, 500 74,000 Narketing expenses 86, 000 General and administrative expenses Assume that the company has the following sales during the year: Price Units sold per unit 34,000 $ 12 e the blue shaded areas on the ENTERANSWERS tab for inputs. ways use cell references and formulas where appropriate to receive full credit. If you copy/paste om the Instruction tab you will be marked wrong. quirement epare the income statement for Vest Nautical Company in for the most recent yeaz a. Check your spelling carefully and do not abbreviate b. Follow the format in the exhibit that shows the Kanufacturer's Income Statement. OS SOLDI ENTERANSWER +

Answer 1

Vest Nautical Company
Income statement
For the current year
Sales revenue		$ 4,08,000.00
Cost of goods sold		$ 2,30,600.00
Gross profit		$ 1,77,400.00
Operating expenses
Marketing expense	$ 77,000.00
General and administrative expense	$ 28,500.00
Total operating expense		$ 1,05,500.00
Operating income		$      71,900.00