Income Statement Lederman Manufacturing Corporation sold 14,000 units of product for $45 each during 2019. During the year, 5,000 shares of common stock were outstanding Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, 2019 Direct material: Beginning materials inventory 525.000 Cost of materials purchased 150.000 Ce of materialevable 175.000 Less: Ending materals inventory Totalmerials used 15 000 150 000 12000 Les material used Direct materials used $143.000 18000 Direct labor Manufacturin Overhead Factory Od 12.000 37.000 10.000 65.000 21.000 145 000 1.000 Factory depreciation Factory repairs and maintenance Total manufacturing overhead Total manufacturing costs for the year Add Beginning work in process inventory Total cost of work in process during the year Less Ending work in process inventory Cost of goods manufactured Add Beginning finished goods inventory Cost of goods able for sale 430 000 51 000 81000 36.000 Seaso Less Ending finished goods inventory Cost of goods sold Selling expenses total Non factory administrative expenses total) 562000 Cost of goods available for sale 481.000 Less: Ending finished goods inventory 36.000 Cost of goods sold $445.000 Selling expenses (total) $62.000 Non-factory administrative expenses (total) 58.000 Prepare an income statement for the year (ignore income taxes). Calculate earnings per share, Do not use negative signs with answers. Round earnings per share to two decimal places. Lederman Maufacturing Corporation Income Statement For the Year Ended December 31, 2019 Gross profit on sales Operating expenses: Earnings per share of common stock Check