Inc. gathered the following information for two of its customers.

	Customer 1	Customer 2
Sales	$4,000	$5,200
Cost of goods manufactured	A	2,000
Finished goods inventory (beginning balance)	400	D
Finished goods inventory (ending balance)	600	800
Cost of goods sold	B	2,400
Gross margin	1,200	E
Selling expenses	C	300
Administrative expenses	200	160
Operating income	800	F

Required:

1. Solve for the missing amounts (A, B, C, D, E, and F).

1. At the end of 2022, management at B2101 Inc. gathered data for all of its customers for the entire year. Using the following information, prepare an Income Statement for 2022.

Sales commissions	$262,500
Sales revenue	2,625,000
Research and development	297,500
Finished goods inventory, January 1	131,250
WIP, January 1	157,500
Finished goods inventory, December 31	105,000
WIP, December 31	192,500
Cost of goods manufactured	875,000