Ballentine Manufacturing produces and sells lawnmowers through a national dealership network. They purchase raw materials from a variety of suppliers, and all manufacturing ano assembly work is performed at their plant outside of Kansas City, Missouri. They recorded the following costs for the year ending December 31 , 2017. Administrative and Selling Expenses Cost of Goods Sold $430,000 Rent on corporate headquarters 1,500,000 Marketing and Advertising 70,000 Sales Revenue 2,800,000 400,000 Straight-line depreciation on office equipment 100,000 Ballentine Manufacturing Income Statement For Year Ending 2017