Pietro Freren Foods, Inc. produces frozen pizzas. For next year Petro predicts that 50.000 units will be produced, with the following total costs Direct mataas Direct labor Vanable overhead Fidad 560.000 25,000 eals and work in process are as follows: Next year, Pietro expects to purchase $119,300 of Grect materials projected begg andendur v ores for direct m Direct Material Work in Process Inventory Inventory Beginning $5.600 Ending Not year, preto spects to produce 50,000 units and sell 19.300 unts at a price of $12.50 each Beginning wivestory of t Total wing expenses projected at $26.000, and total da v e expense is projected at $1,000 he goods 1. Prepare an income statement in good form. Round the percent to four decimal places before con example, would be rounded to 35 and entered as 38.35 Pretro roo To the Year CheckMy Win to be A A 2:42 PM 9/6/2019 Back Calculator WARWORPRESS Inventory Inventory $5,600 $12,500 4.900 14,600 Beginning Ending Next year, Pietro expects to produce 50,000 units and sell 49,300 units at a price of S12.50 each. Beginning inventory of finished goods is $42.500, and ending inventory of finished goods is expected Total selling expense is projected at $26,000, and total administrative expense $134,000 Required: 1. Prepare an income statement in good form. Round the percent to four a percentage. For example, would be rounded to and entered as a Pietro Frozen Foods, Inc. Income Statement For the Cong Year Cost of goods sold Less operating expenses Se expenses Operating income Check My Work Previous Submit Assig arch i w 962 DELL