Lasting Treats manufactures its own brand of pet chew bones. At the end of December $2024,$ the accounting records showed the following:

$($Click the icon to view account balances.$)$

$($Click the icon to view other information.$)$

Read the requirements.

Cost of Goods Manufactured $$

Requirement $2.$ Prepare an income statement for Lasting Treats for the year ended December $31,2024.($For ac

Data table

$\backslash$table$[[$Balances:$,,$inning,Ending$],[$Direct Materials,$$,13,000$$$,9,500],[$Work$-$n$-$Process Inventory,,$0,1,250],[$Finished Goods Inventory,,$0,5,800]]$

Data table

$\backslash$table$[[$Other information:,$],[$Direct materials purchases,$$40,000$