Need to find out the income statement for the year ended December 31, through the gross profit for Baxter Company using the following information:

Baxter Company sold 9,200 units at $150 per unit. Normal production is 9,600 units. (Do not round fixed overhead rate calculation when determining fixed factory overhead volume variance.)

Standard: 5 yards per unit at $6.30 per yard Actual yards used: 47,020 yards at $6.25 per yard Standard: 2.25 hours per unit at $15.00 Actual hours worked: 20,450 at $14.90 per hour Standard: variable overhead $1.05 per unit Standard: fixed overhead $211,200 (budgeted and actual amount) Actual total factory overhead: $238,000 Baxter Company Income Statement Through Gross Profit For the Year Ended December 31 Sales Cost of goods sold - at standard Gross profit - at standard Favorable Unfavorable Less variances from standard cost Direct materials price Direct materials quantity Direct labor rate Direct labor time Factory overhead controllable Factory overhead volume Gross profit - actual