B. The ShazzY Income Statement For the Year Ended Dec. 31, 2021 Sales Revenue Cost of Goods Sold 1200000 Materials 120000 Labor 80000 Factory Overhead 40000 Total Cost of Goods Sold 240000 Gross Margin 960000 Operating Expenses Selling Cost 250000 Administrative Cost 200000 Total Operating Expenses 450000 Operating Income Net income 510000 510000