At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventoriesfinished goods $13,720, work in process $16,460, and raw materials $8,570. 2. May 31 inventoriesfinished goods $9,690, work in process $18,000, and raw materials $7,930. 3. Debit postings to work in process were direct materials $63,210, direct labor $50,980, and manufacturing overhead applied $43,020. 4. Sales revenue totaled $211,880.

prepare an income statement for may through gross profit