1. Prepare an annual income statement for the Kitchen Ninja knife series. 2. Determine the balances in the work in process and finished goods invantorles for the Kitchen Ninja knife series on December 31,20y8. Tutai complesed prodyction nas 165,000 unas during the yeot, Other inearmetion is ai follows: be aurembied en Oecember 31,20ra in your coetpulations, it required, round interim per int covts to two decimal procks. neguired: Fipre of Cocts and income stetement Harbened streti bianse (uned ter knth thant and bude) 31.40 Wodd (tor hander) 0.50 Packageng unin 19,60