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Baleen Company supplied the following data at the end of the current year: Sales commissions $17,000 Sales revenue 120,000 Research and development 17,000 Finished goods

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Baleen Company supplied the following data at the end of the current year: Sales commissions $17,000 Sales revenue 120,000 Research and development 17,000 Finished goods inventory. Jan, 1 7, 500 Work in process inventory, Jan 1 9,000 Finished goods inventory, Dec. 31 6,000 Work, in process inventory, Dec. 31 11,000 Cost of goods manufactured 52,000 Prepare an income statement for baleen Company. Baleen Company Income Statement For the Current Year Ended December 31 Gross margin

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