For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Job Number Direct Direct Explanation Materials Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $20,500 $19,680 $23,616 $63,796 Current year's costs 24,600 29,520 35,424 89,544 7641 Balance 1/1 9,020 14,760 17,712 41,492 Current year's costs 35,260 39,360 47,232 121,852 7642 Current year's costs 47,560 45,100 54,120 146,780 Other data: 1. Raw materials inventory totaled $12,300 on January 1. During the year, $114,800 of raw materials were purchas account. 2. Finished goods on January 1 consisted of Job No. 7638 for $71,340 and Job No. 7639 for $75,440. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. 5. 6. 7. Job Nos. 7638, 7639, and 7641 were sold on account for $434,600. Manufacturing overhead incurred on account totaled $98,400. Incurred depreciation on factory machinery $6,560. Assigned indirect materials of $11,480 and indirect labor of $14,760. Prepare an income statement through gross profit for 2022. CRANE COMPANY Income Statement (partial) eTextheali $