K Prepare the income statement for Crystal Bay 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 34,000 units of its product at a price of $11 each during the year (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Less Less Crystal Bay Company Income Statement For Current Year CELD Data table - X Beginning End of of Year Year End of Year Raw materials inventory $ 29,000 $ 31,000 Insurance on plant $ 9,000 Work in process inventory $ 39,000 $ 34,000 Depreciation-plant building and equipment $ 12,600 Finished goods inventory..... 16,000 $ 22,000 Repairs and maintenance-plant $ 4,100 Purchases of direct materials $ 73,000 Marketing expenses $ 80,000 Direct labor... $ 84,000 General and administrative expenses $ 27,500 Indirect labor. $ 37,000 Print Done company sold 34,000 units of its product at a price of $11 each during the year. (Cack the icon to view the amounts.) (Click the loon to view the calculation of cost of goods manufactured (Click the icon to vie Less Reference Crystal Bay Industries Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Less: Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured (CGM) Print Done $ 39,000 $ 71,000 84,000 62,700 256,700 34,000 222,700 on list On 1 on 21 on 3 K- Prepare the income statement for Crystal Bay 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 34,000 units of its product at a price of $11 each during the year. (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Reference Crystal Bay Manufacturing Calculation of Cost of Goods Sold For Current Year an 41 06 Less 5 Loss Beginning finished goods inventory Plus: Cost of goods manufactured Cost of goods available for sale Less Ending finished goods inventory Cost of goods sold Print Done $ 16,000 222,700 238.700 22.000 $ 216,700 Quesom