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Flion of costs and income 5tat+ment Ginocera Ine. is a designer, manufacturer, and distribukor of law-eoht, hligh-quality stainless steel kitchen kenives. Anew kotcheniknife series called

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Flion of costs and income 5tat+ment Ginocera Ine. is a designer, manufacturer, and distribukor of law-eoht, hligh-quality stainless steel kitchen kenives. Anew kotcheniknife series called the kicchen Aorja wa released for production in early 20Yb. In lamuary, the compacy spent s322,200 to dovelop a late-night advertising infomiertiat for the new product. During ad ayg, the company spent 5751,000 advertising the product through these infomercials. In addion, the compeny incumed 5332,000 in tegar costs. Fhe knives were ready for manufacture on Junaty 1,20y8 matal that Indubes both the binde and the shah. The stamping machine fequeres one hour per p40 khives. Mher the kille shafs ore thamped, they are brought to an abseinbly area where an employee attaches the handie to the snah and packs ine anife in a decorative boe The diroct labor coet is so. 20 per unit. cobte iverege 50.2 per krift Whives, handies, and cases nalking to be astembied on Decenter 31, 20ra. Required: 1. Prepare an annual incartie stateintent for the kothyn humba infeseus

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