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Open question 14 points Bellinghaus Factory Inc has the following information on $) about its only product for 2018 Number of units produced and sold

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Open question 14 points Bellinghaus Factory Inc has the following information on $) about its only product for 2018 Number of units produced and sold 150.000 Sales pnce per unit Expenses per unit - Direct materials 6.00 1590 - Direct labour 4.00 - Variable manufacturing overhead 1.50 Vanable selling and admin 0.30 Total food manufacturing overhoed costs 235,000 Total food selling and administration costs 193,000 Bellinghaus Factory Inc has investments in bonds gaining them 63.000 in interest in 2018 They also have a business loan of 5800 000 on which they pay 70% interest per year The corporate tax rate is 35% Required: 9 p Prepare an income statement per the end of 2018, using the absorption approach and include the margin, the operating profit and the net profit as a percentage of sales Recommended: Insert a matrix with about 25 rows and 5 columns

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