eBook Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,300 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Sales Next year, Bob's Bistro expects to purchase $121,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Cost of goods sold Gross margin Less: Operating expenses Selling expenses Administrative expenses Inventory Beginning $4,000 Ending $3,900 K Next year, Bob's Bistro expects to produce 50,300 units and sell 49,600 units at a price of $14.00 each. Beginning inventory of finished goods is $44,500, and ending inventory of finished goods is expected to be $36,000. Total selling expense is projected at $26,500, and total administrative expense is projected at $128,000. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year Operating income ? Feedback $69,000 25,000 Check My Work 215,000 Work-in-Process Inventory $12,300 $14,300 26,500 128,000 694,400 154,500 Percent 100% % % % %