PART 6. Prepare an income statement For the fiscal year 2006, the Mitchell Machine cry Corporation accumulated the following data: Sales Sales Returns and Allowances Finished Goods, January 1, 2005 Finished Goods, December 31, 2006 Cost of Goods Manufactured Overapplied or underapplied Overhead Seling Expenses Administrative Expenses Provision for Income Taxes 5960,540 43,780 98.730 91,520 641,191 3.531 Cr Balance 65.496 82.526 58,652 Prepare an income statement for the Mitchell Machinery Corporation for the year ended December 31, 2006 Class Date same 5/6 PROBLEM GENERAL JOURNAL PAGE 1