Belmain Co. expects to maintain the same inventories the 2017 Is therefore assumed to be equal to the cost of goods sold with the costs for their departments during the year. A summary tuport of these Estimated Estimated Vaabend Fixed Cost Production costs: (per unit IL $75,600 Direct materials Direct labor Factory overhead Selling expenses: Sales salaries and commissions Advertising 19.700 1.300 1 200 Travel Miscellaneous selling expense Administrative expenses Office and officers salaries Supplies Miscellaneous administrative expense 15.00 1.900 1 2 160 HE $118.000 Miscellaneous detive expense . Total LI, It is expected that 6,560 units will be prof. Required: 1 1. Prepare an estimated income statement for 2017 Belmin C Estimated Income Statement For the Year Ended December 31, 2017 Cost of goods sold Do Total cost of goods salt Gross profit Experise Selling expenses