Consider a product with the following information:

Price per unit: $60,000

Variable Cost per unit: $49,500

Units sold per Year: 200

Yearly Administrative Costs: $2,000,000

Yearly Research & Development Costs: $14,000,000

Using the above values, fill-in the below yearly income statement values:

Revenues:

Cost of Goods Sold:

Gross Profits:

Overhead:

Net Income: