eBook Calculator Print Item Ballentine Manufacturing produces and sells lawnmowers through a national dealership network. They purchase raw materials from a variety of suppliers, and assembly work is performed at their plant outside of Kansas City, Missouri. They recorded the following costs for the year ending December 31, 2017 manufacturing and Administrative and Selling Expenses $430,000 Cost of Goods Sold 1,400,000 Rent on corporate headquarters 80,000 Marketing and Advertising 400,000 Sales Revenue 2,600,000 Straight-line depreciation on office equipment 100,000 Construct an income statement for Ballentine Manufacturing to reflect their net income for 2017 Ballentine Manufacturing Income Statement For Year Ending 2017 Sales Revenue Cost of Goods Sold Gross Income 201000 410,000 Administrative and Selling Expenses Marketing and Advertising 400 000 Rent on corporate headquarters 80,000 Straight-line depreciation on office equipment 100,000 Operating Expenses Net Income Feedback Check My Work (Previous New