3 Please Answer the full question and i Will leave a positive rating Thank you Income Statement Pietro Frozen Foods, Inc , produces frozen pizzas For next year, Pietro predicts that 48,200 units will be produced, with the following total costs Next year, Pietro expects to purchase $117,000 of direct materials Projected beginning and ending inventories for direct materials and work in as follows Next year, Pietro expects to produce 48,200 units and sell 47,500 units at a price of $15 00 each Beginning inventory of finished $4500, and ending inventory of finished goods is expected to be $37,000 Total selling expense is projected at $28,500, and total at $108,000 Required 1 Prepare an income statement in good form Round the percent to four decimal places before converting to a percentage For example, 88349 would be rounded to 8835 and entered as 88 35 Note due to rounding, percentages may not add down 2 What if the cost of goods sold percentage for the past few years was 58 94 percent Management's reaction might be

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3  Please Answer the full question and i Will leave a positive rating  Thank you  Income Statement Pietro Frozen Foods, Inc , produces frozen pizzas  For next year, Pietro predicts that 48,200 units will be produced, with the following total costs  Next year, Pietro expects to purchase $117,000 of direct materials  Projected beginning and ending inventories for direct materials and work in as follows  Next year, Pietro expects to produce 48,200 units and sell 47,500 units at a price of $15 00 each  Beginning inventory of finished $4500, and ending inventory of finished goods is expected to be $37,000  Total selling expense is projected at $28,500, and total at $108,000  Required  1  Prepare an income statement in good form  Round the percent to four decimal places before converting to a percentage  For example,  88349 would be rounded to  8835 and entered as 88 35  Note  due to rounding, percentages may not add down  2  What if the cost of goods sold percentage for the past few years was 58 94 percent  Management's reaction might be

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3. Please Answer the full question and i Will leave a positive rating. Thank you! Income Statement Pietro Frozen Foods, Inc., produces frozen pizzas. For

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