Case 2-1: Old Turkey Mash wholesalers. 900,000 gallons next year. The accompanying table describes production, sales, and inventory in the aging process. page 81 firm's current operating performance: This bank has been lending the firm the capital to finance the production expansion. Required: a. Instead of writing off all the warehousing and oak barrel costs, prepare revised income statements for years 1 through 3 , treating the warehousing and barrel costs as product costs. b. Which set of income statements (those given or the ones you prepared) should the president show the bank at the meeting? Justify your