How does the format of the income statement for gourmet bones differ from the income statement of a merchandiser? Please answer the bottom two questions on the picture givein bellow

Read the requirements Manufacturing Overhead: Utilities for Plant Rent on Plant Plant Janitorial Services 1.300 17,000 700 19,000 Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured Requirement 2. Prepare an income statement for Gourmet Bones for the year ended December 31, 2018. (For accounts with a SO balance, make sure to enter O" in th 84,000 84,000 500 $80.500 column.) Gourmet Bones Income Statement Year Ended December 31, 2018 Revenue: Net Sales Revenue S 107,000 Cost of Goods Sold: Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory 80,500 80,500 5,200 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: 75,300 31,700 Sales Salaries Expense Delivery Expense Customer Service Hotine Expense 6,000 1.300 Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income A manufacturer's cost of goods sold is based on its cost of goods manufactured direct materials used manufacturing costs incurred during the year operating income of a merchandiser? In contrast, a merchandiserts cost of goods sold is based on its 6,000 1,300 1,200 Sales Salaries Expense Delivery Expense Customar Sanina Hotling Expense 8,500 enses ending inventory gross profit. merchandise purchases. operating income. $ 23,200 t of the income statement for Gourmet Bones differ from the inc is based on its In c