2016 31, 2016 $26,000 18,500 30,000 2016 30,000 22,200 21,000 Work in process Inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead $170,000 230,000 180,000 800,000 Cost of goods manufactured LINK TO TEXT LINK TO TEXT Prepare an income statement through gross profit. ELLOIT COMPANY Income Statement December 31, 2016 ELLOIT COMPANY Income Statement December 31, 2016 how Work Click if you would like to Show Work for this question: Open S