Please prepare the income statement for the Davis Corporation. Your help is greatly appreciated.

DATA SECTION:

For the Month Ended December 30, 2015

Balance Balance

Dec 1 Dec 30 Dec.30

Raw Material Inventory $ 5,600 $ 4,100

Work in Process Inventory 10,200 12,800

Finished Goods Inventory 8,100 6,700

Purchases of Raw Materials $63,000

Direct Manufacturing Labor 15,000

Indirect Manufacturing Labor 32,000

Plant Insurance 8,000

Depreciation Expense - Plant, Building, and Equip. 22,000

Repairs and Maintenance - Plant 7,200

Marketing, Distribution, and Customer-Service Costs 24,000

General and Administrative Costs 19,200

Revenue 258,300

Income Tax Rate 40.00%

Check Figures: Net Income = $40,560, COGM = $146,100