Ginocera uses 8 to accumulate costs associated with the kitchen knite. The unit direct materials cost for the lonife is as follows: Total completed production was 1,200,000 units during the year. Other information is as follows: Required: 1. Prepare an annual income statement for the Kichen Ninja knile senies, including supporting calculations, fram the inkomation provided. Be sure to camplete the statement heading. Ferer to the Nst of Accownts, Labels and Amount Descriptions provded tor the exact wording of the answer choices for lext entries. Enter amounts as posilive numbers uness the amoun is a calcutafion that resths in a negafive amount. For example: Net loss shoud be negative. Expenses should be positive." 2. Detemine the bsiances in the work in process and Enished goods inventeries for the Kitchen Wiyjs knife series an December 31, 20Y8. "In your computations, if required, round interim per-init costs to two decimal places. costs to two decimal places. Finished Goods Work in Process