Current Attempt in Progress The following information is available for Marin Company. January 1, 2025 2025 December 31, 2025 Raw materials inventory $26,400 $38,400 Work in process inventory 18,000 22,200 Finished goods inventory 34,800 26,880 Materials purchased $192,000 Direct labor 281,600 Manufacturing overhead Sales revenue 230,400 1,164,800 Prepare an income statement through gross profit. MARIN COMPANY Income Statement (Partial) For the Year Ended December 31, 2025 Sales Revenue Cost of Goods Sold Finished Goods Inventory, Jan. 1 34800 Cost of Goods Manufactured 569550 Cost of Goods Available for Sale 598300 Less Finished Goods Inventory, Dec. 31 22260 Cost of Goods Sold Gross Profit 1164800 576040 388560