Prepare the income statement for Clear Bay Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 36,000 units of its product at a price of $15 each during the year. (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Clear Bay Company Income Statement For Current Year Less on number in the input fields and then click Check Answer Score: 0.5 of 1 pt 6 of 6 (6 complete) HW Score: 75% Reference Reference Clear Bay Manufacturing Calculation of Cost of Goods Sold For Current Year Begining ished goods inwentory Plus Cost of goods manufactured Cost of goods available for sale Les Ending finished goods inventory 20,000 227.000 Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory 38.000 Plus Manufacturing costs incurred Direct materials used 65.000 Direct labor 87.000 Manufacturing overhead 07.000 Total man tacturing costs to account for 257.000 LestEnding work in process inventory 227.000 Cost od goods man tactured COM) 247.000 22.000 225,000 Cost of goods Print Done Done 6 of 6 (6 complete) HW Data Table - X Assume that or ion End of Year Bal ome Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Beginning End of of Year Year $ 21,000 $ 32,000 Insurance on plant.. S 38,000 $ 30,000 Depreciation-plant building and equipment $ 20,000 $ 22,000 Repairs and maintenance-plant $ 76,000 Marketing expenses.... $ 87,000 General and administrative expenses... $ 42,000 $ 7,500 $ 13,200 $ 4,300 $ 82.000 $ 29,500 er Cull Direct labor Indirect labor Print Done Check Ans unium Prepare the income statement for Clear Bay Company for the most recent year. Use the calculati units of its product at a price of $15 each during the year. Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.) Less: Less: Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing CU Type here to search e D esc F2 ce F3 F4 FS FE % N 2 3 4 5