5. Baleen Company supplied the following data at the end of the current year: Sales commissions Sales revenue Research and development Finished goods inventory, Jan. 1 Work in process inventory, Jan 1 Finished goods inventory, Dec. 31 Work in process inventory. Dec. 31 Cost of goods manufactured Required: Prepare an income statement for Baleen Company. $12,000 120,000 17.000 7,500 9,000 6,000 11,000 52.000