3 Sachs Processing Company manufactures a single product. in the Screening Dept. impurities are removed and become a by-product. During the month of March, the following data is presented: Main Product: Sales 82,000kgs P656,000 Beginning inventory 2,000 kgs 8,000 Total Production 90,000 kgs 315,000 Selling & general expenses 75,500 By-Product Net revenue from sale of by-prod 33,000 Required: Prepare income statement in tabular form showing the different presentation of the net revenue from sale of by-product as (a) deduction from cost of production, (b) deduction from cost of sales, (c) other income, (d) additional sales income. Use FIFO for inventory valuation