Prepare an income statement and the supporting schedules

N'Cinco Manufacturing Co. N'Cinco Manufacturing Co. Account Balances and Financial Statement Data Total Points 36 Income Statement For the year ended December 31 You Earned 36 For the year ended December 31, 2020 2020 $ 4,706,600 Accounting and Legal Department Expense Advertising Expense 13,808,100 Amortization Expense: Marketing 996,400 3,720,800 Bad Debts Expense Corporate Salaries Expense 65,355,800 Delivery Expense 7,687,300 Depreciation Expense: Corporate 5,126,100 Depreciation Expense: Delivery Equipment 2,476,300 9,874,200 Depreciation: Factory and Equipment Direct Labor 29,568,800 91,390,000 Dividends Declared Factory Machine Maintenance 4,017,500 Factory Machine Supplies Used 919,200 Freight-In 1,727,300 HR Department Expense 1,813,000 Idle Time: Factory 426,800 Income Tax Expense Indirect Labor: Factory 81,040,200 8,754,800 Indirect Materials: Factory 1,724,200 Insurance Expense: General 1,544,000 Insurance: Factory 1,186,000 Interest Expense 4,076,300 Interest Revenue 445,600 IT Department Expense 3,187,000 Janitorial Expense: Corporate Offices 999,400 Janitorial Wages: Factory 2,277,700 Manufacturing Office Salaries 280,600 Marketing Expenses 2,138,100 Miscellaneous Expense: General 3,526,500 Miscellaneous Expense: Selling 399,700 Miscellaneous Production Costs 936,400 Miscellaneous Revenue 358,400 Net Purchases of Raw Materials 102,990,200 Overtime Premium: Factory 445,500 Production Quality Control 2,180,900 Production Supervisor's Salaries 13,357,500 Promotion Expenses 4,354,600 Real Estate Tax Expense: General 748,000 Real Estate Taxes: Factory 502,000 Sales Commissions Expense 23,598,700 Sales Office Expense 801,000 Sales Commissions Expense 23,598,700 Sales Office Expense 801,000 Sales Returns and Allowances 281,000 Sales Revenue 577,678,600 Sales Salaries Expense 37,361,100 Supplies Expense: General 582,600 Utilities Expense: Corporate Offices 1,633,700 Utilities: Factory 3,574,000 Gain on Sale of Equipment 60,000 Inventories at December 31: 2020 2019 Raw Materials Inventory $ 7,637,100 $ 8,317,700 Work In Process Inventory 2,949,600 2,158,400 Finished Goods Inventory 7,498,100 7,885,100 Common Shares Outstanding 5,000,000 12 N'Cinco Manufacturing Co. Schedule of Net Purchases including Freight-in For the year ended December 31, 2020 Total Points You Earned 20 Total Points You Earned N'Cinco Manufacturing Co. Schedule of Cost of Goods Manufactured For the year ended December 31, 2020 12 20 Total Points 12 N'Cinco Manufacturing Co. Schedule of Direct Materials Used In Production For the year ended December 31, 2020 You Earned 12 Total Points 16 N'Cinco Manufacturing Co. Schedule of Cost of Goods Sold For the year ended December 31, 2020 You Earned 16 N'Cinco Manufacturing Co. Schedule of Manufacturing Overhead Total Points 20 20 Total Points You Earned N'Cinco Manufacturing Co. Schedule of Manufacturing Overhead For the year ended December 31, 2020 20 Total Points 10 N'Cinco Manufacturing Co. Schedule of Selling Expenses For the year ended December 31, 2020 You Earned 10 12 Total Points You Earned N'Cinco Manufacturing Co. Schedule of General and Administrative Expenses For the year ended December 31, 2020 12