McCarthy Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018 . The 2018 revenue and cost information for McCarthy follows: (Click the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $65, and total selling and administrative costs were $250,000. Prepare a standard cost income statement for 2018 for McCarthy Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) McCarthy Fender Standard Cost Income Statement For the Year Ended December 31, 2018 Gross Profit Operating Income (Loss) McCarthy Fender Standard Cost Income Statement For the Year Ended December 31, 2018 Cost of Goods Sold at actual Cost of Goods Sold at standard Direct Labor Cost Variance Direct Labor Efficiency Variance Direct Materials Cost Variance Direct Materials Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance Manufacturing Cost Variances: Sales Revenue