2 Paul Company provided the following blues for the year coded December Selling expenses S210.000 Purchases of raw material 526100 Direct labor $100,000 Administrative expenses Manufacturing overed $160.00 Inventory balances at the began end of the earlie Beginning of you Find yes Raw materials $45.000 Work in progress SOLO $10.00 Finished goods 500/000 The total manufacturing costs for the year were 500.000, the food alle for sale totaled 5660.000; the cost of goods sold wald 60,000, and the nat operating some 560,000 Required Prepare an income statement