Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,200 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead $73,000 26,000 190,000 Next year, Bob's Bistro expects to purchase $115,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory $10,500 Beginning Ending $4,000 $3.900 $12,500 Next year, Bob's Bistro expects to produce 50,200 units and sell 49,500 units at a price of $17.00 each. Beginning inventory of finished goods is $29,500, and ending inventory of finished goods is expected to be $31,000. Total selling expense is projected at $22,500, and total administrative expense is projected at $125,000. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example,