all Question create an income statement and a Schedule of Cost of Goods Manufactured (in good form) with the numbers provided. Results for the year ended August 31, 2020 Cosmetic Food Tota! Revenue $12,000,000 $22,000,000 34,000,000 Discount (1,200,000) 12,200,000) (3,400,000) Net Revenue $10,000,000 $19,800,000 $30,600,000 7,50 $2,00 7,899,802 15,377,198 23,277,000 5,000 Materials purchased Accounting and legal 30,000 Utility Costs- Head Office 240,000 Utility Costs-Production 76,000 Administrative salaries 760,000 Inspection Costs 80,000 Factory Insurance 340,000 Sales commissions 100,000 Interest on business credit line Management salaries [Omar, Anna, Ted $120,000 each) 360,000 Property Taxes-Head Office 6,500 Factory Building Amortization 412,000 Office supplies, Courier and Postage 7,760 Annual Business Licenses and Fees 2,500 Warranty Program Costs 500,000 Amortization Expense- Fabrication Equipment 650,000 Amortization Expense-Office Equipment 12,000 Business Liability Insurance 10,000 Telephone Costs-Factory 3,000 Telephone Costs- Head Office 6,000 Anna's House Rent $15,000 Labour-Assembly workers 2,000,000 3,500,000 5,500,000 Labour Production supervisors 600,000 Total Expenses 32,992,760 Net Income (Loss) ($2,392,760) Current Year End Balances Cosmetic Food Total Raw Materials $1,500,000 $3,000,000 $4,500,000 Costs- Machines unfinished at year end 1,000,000 3,000,000 4,000,000 Costs- Machines complete but not sold 3,000,000 5,000,000 Last Year End Balances 9,000,000 Raw Materials 1,000,000 2,000,000 3,000,000 ANC Costs- Machines unfinished at year end Costs- Machines complete but not sold 2,500,000 5,000,000 $500,000 $1,500,000 7,500,000 $2,000,000