here is the homework question below:

E2-27A (similar to) 25 Question Help {1' Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 38,000 units of its product at a price of $10 each during the year. a (Click the icon to view the amounts.) 5 (Click the icon to view the calculation of cost of goods manufactured.) 0 Data Table 5 (Click the icon to view the calculation of cost of goods sold.) Strike Gold Company of Year End of Year Year Income Statement Raw materials inventory For Current Year Work in process inventory Sales revenues Finished goods inventory Less: Cost of goods sold . . Purchases of direct materials . . . . Gross prot _ Direct labor Less: Operating expenses Indirect labor . $ $ 23,000 44,000 21 ,000 26,000 Insurance on plant 29,000 Depreciation-plant building and equipment ..... 24,000 Repairs and maintenance-plant 72,000 Marketing expenses 82,000 General and administrative expenses 40,000 $ 9,000 $ 12,500 $ 4,100 $ 81,000 $ 27,500 General and administrative expenses Marketing expenses Operating income y ' Print ' Done ' income statement for Strike Gold Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 38,000 at a he id i Reference X Reference X he id he id Strike Gold Industries Strike Gold Manufacturing Calculation of Cost of Goods Manufactured Calculation of Cost of Goods Sold For Current Year For Current Year Beginning work in process inventory $ 44,000 Beginning finished goods inventory $ 21,000 venu Plus: Manufacturing costs incurred Plus: Cost of goods manufactured 231,600 Direct materials used $ 69,000 Cost of goods available for sale 252,600 Direct labor 82,000 24,000 Ofit 65,600 Less: Ending finished goods inventory Manufacturing overhead $ 228,600 Ge Total manufacturing costs to account for 260,600 Cost of goods sold 29,000 Ma Less: Ending work in process inventory $ Print g inc Cost of goods manufactured (CGM) 231,600 Done Print Done