Prepare the income statement for Clear Bay Company for the most recent year. Use the calculd the company sold 37,000 units of its product at a price of $12 each during the year. Click the icon to view the amounts) * Reference Reference $ 44,000 $ Clear Bay Industries Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Less Ending work in process inventory Cost of goods manufactured (CGM) Clear Bay Manufacturing Calculation of Cost of Goods Sold For Current Your Beginning finished goods inventory Plus Cost of goods manufactured Cost of goods available for sale Loss Ending finished goods inventory Cost of goods sold $ 17,000 233,400 89,000 81,000 38,400 250,400 29,000 221,400 210,400 27,000 233,400 $ Print Done Print Done i Data Table Raw materials inventory Work in process inventory Finished goods inventory.... Purchases of direct materials Direct labor Indirect labor Beginning End of End of of Year Year Year 20,000 $30,000 Insurance on plant...... $ 8,000 $ 44,000 $ 27,000 Depreciation.plant building and equipment ... $ 13,000 17.000 $ 29,000 Repairs and maintenance plant $ 4,400 $ 79,000 Marketing expenses $ 77,000 $ 81,000 General and administrative expenses $ 28,500 $ 41,000 . Print Done 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 37,000 units of its product at a price of $12 each during the year (Click the icon to view the amounts) Click the loon 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 Loss