Prepare an income statement for fiscal 2017. Ignore income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Sipacore, Inc. Income Statement For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017December 31, 2017
Direct material costNon-manufacturing expensesCost of goods manufacturedBeginning finished goods inventorySalesCost of goods soldCost of goods available for saleDirect labor costSelling and administrative expensesNet income / (loss)Gross profitTotal non-manufacturing expensesBeginning work in process inventoryEnding work in process inventoryManufacturing overheadEnding finished goods inventory					$
LessAdd : Non-manufacturing expensesBeginning finished goods inventorySalesCost of goods soldBeginning work in process inventoryCost of goods manufacturedManufacturing overheadEnding finished goods inventoryCost of goods available for saleSelling and administrative expensesDirect labor costGross profitNet income / (loss)Ending work in process inventoryTotal non-manufacturing expensesDirect material cost :
Ending work in process inventory Sales Cost of goods sold Direct labor cost Cost of goods manufactured Cost of goods available for sale Gross profit Non-manufacturing expenses Selling and administrative expenses Net income / (loss) Manufacturing overhead Direct material cost Total non-manufacturing expenses Beginning work in process inventory Ending finished goods inventory Beginning finished goods inventory			$
Less Add : Cost of goods manufacturedEnding finished goods inventoryNet income / (loss)Gross profitBeginning finished goods inventoryDirect labor costManufacturing overheadBeginning work in process inventorySalesNon-manufacturing expensesSelling and administrative expensesEnding work in process inventoryCost of goods soldCost of goods available for saleTotal non-manufacturing expensesDirect material cost
Direct labor cost Beginning finished goods inventory Manufacturing overhead Cost of goods available for sale Beginning work in process inventory Ending finished goods inventory Sales Net income / (loss) Cost of goods sold Cost of goods manufactured Total non-manufacturing expenses Gross profit Non-manufacturing expenses Selling and administrative expenses Ending work in process inventory Direct material cost
Add Less : Gross profitCost of goods soldCost of goods available for saleSalesNet income / (loss)Direct material costEnding finished goods inventoryCost of goods manufacturedNon-manufacturing expensesSelling and administrative expensesManufacturing overheadDirect labor costTotal non-manufacturing expensesBeginning work in process inventoryBeginning finished goods inventoryEnding work in process inventory
Cost of goods manufacturedSelling and administrative expensesCost of goods available for saleGross profitEnding finished goods inventoryNet income / (loss)Total non-manufacturing expensesBeginning finished goods inventoryDirect material costBeginning work in process inventoryDirect labor costManufacturing overheadCost of goods soldSalesEnding work in process inventoryNon-manufacturing expenses
LessAdd : Direct material costBeginning finished goods inventoryNet income / (loss)Direct labor costSalesCost of goods available for saleManufacturing overheadBeginning work in process inventoryCost of goods soldCost of goods manufacturedEnding work in process inventorySelling and administrative expensesNon-manufacturing expensesTotal non-manufacturing expensesGross profitEnding finished goods inventory :
Ending finished goods inventoryManufacturing overheadNet income / (loss)Cost of goods available for saleSelling and administrative expensesNon-manufacturing expensesTotal non-manufacturing expensesBeginning finished goods inventoryGross profitBeginning work in process inventoryCost of goods manufacturedCost of goods soldEnding work in process inventoryDirect material costDirect labor costSales
Manufacturing overheadNon-manufacturing expensesNet income / (loss)Cost of goods available for saleSelling and administrative expensesGross profitTotal non-manufacturing expensesBeginning finished goods inventoryBeginning work in process inventoryEnding work in process inventoryDirect material costCost of goods manufacturedDirect labor costCost of goods soldEnding finished goods inventorySales					$