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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

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:

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