Flow of costs and income statenient hour ber 130 iteathen. Total completed production was 520,009 unht dining the war, Other intoimution is as folions: Number of ileather unti solf in 2003450,009 Whelewle pricen per unit 140 In veur competotions, if reguired, round interim per unit conts to hwo decimal ploces and final answers to the nearest whole detler. Anequired: 1. Fresare an annual income statemeot for the ileabler nowas After the iteather k out and stitched, bis brooght to assembly, where ascembly senannel atfix the velvet iaterier and pack the ileather for ibjpoing, The direct labor cost for this work is so.50 per unt. The cempleted packapes are then sold to retail cutlets through a sales force. The sales force is campensated by a 20% commission sn the wholesale price for all sales. Fotal completed production was 520,000 units during the year, Other information is as tollows: Number of lieather unins sold in zors 460,000 Wholesale orike per unit 140 Factory overhicad cost is applied to jobs at the rate of $1,300 per mathine hist, There were an addeiasal 20,000 cut asd stitated ileathiers wating to be assembled on Dectmiter 31,20r2. In your computations, if required, round interien per unit costs to twe decinsal places and final answers to the nearest whole dollar. Required: 1. Frebare an annual income statement for the ileather brosuct