Prepare the income statement for Clear BayClear 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 units of its product at a price of $13 each during the year.

ear Bay Company for the most recent year. Use th calculation o o s or goods so d cost o goods manufactured and e amounts below. Assume hat the company sold 37,000 unis ofits product at a price o S13 each Pre are ne inco ne statement or during the year. (Click the icon to view the amounts.) (Cick the Icon to view the calculation of cast of goodis manufactured ) (Click the icon to view the calculation of cost of goods sold.) Data Table End of Year $ 10,cco $ 13,200 $ 4,40o $ 70,CCo $ 23,500 Clear Bay Company Income Statement For Ciurrent Year Beginning End of of Year Year 29,000 35,000 18,000 33,000 20,000 20,000 Raw matenials inventory Work in process nventory Fin shed gccds inventory Purthases of direct malerials Direel labo Ind rect labor insurance on plant. Depreciation part bulding and equipment Repairs and maintenan"pant Less: 5 75,000 Markeling expersus $ 85,000 General and admrisaliveexpenses $ 3700DD Less: Print Done