The Mighty Max Manufacturing Company produces vitamin pills. No production was in process AND ASSET at the beginning or end of this period.

The following activity took place during the year 19X1:

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Produced: 500,000 Vitamin A pills at a cost of $.02 cach 300,000 Vitamin B pills at a cost of $.03 each Sold: 400,000 Vitamin A pills for $.05 each 250.000 Vitamin B pills for S.06 each Discarded: 20,000 Vitamin A pills and 10,000 Vitamin B pills because they were past their expiration date Other operating expenses were $12.000. There was no beginning finished goods inventory. Required: Prepare a multiple step income statement from the above for the Mighty Max Manufacturing Company (ignore income taxes).