prepare the income statement for quality aquatic company for the most recent year. Use the calculation of the cost of goods, cost of goods manufactured, and the amounts below. Assume that the company sold 39,000 units of its product at a price of $15 each during the year.

Pepare the income tement to Qualny Aguatic Company for the most the amu Ue the calculation uf cot of goods sold, cont af goods manutacthuned, and the amourts belo Aasume that the company sld 9.a00 units of es product ata pice f S15 ach duing the year lIiCick the con te we the clion d gods malue) Iicick the ol geods sod) Quality Company End of End of Beginning Income Sttement of Year Year Year for Curent Tean Ra ry Wek in pc y 24.000 25 000 nce on plant 1000 Depctonplat blding and egupement .000 Les 19.000 S 2700 ep dtenance plant S.000 Marketing expenses 4400 Imeals S9.000 Genal and aiaepenses .000 s 2.500 .000 Print Done O Reference Qality Ag d Calclatof Cotot oMaad For Cament Yea Quality Ati Manfachring Begng woka pocess nenry 2000 Pl Calculaon of Cot of Goods Sold Manuing costs med For Carent Year 4.000 eng hed gods inetery 19.000 Pl Cot of mactured 22400 Maach ead 000 Cet dlatie or Le Ending hed ery 247600 25400 epice ay 31.000 Cf od sld 22 00 Choose om any t or ener any erthe pu tdand hen Ch A A parts showing Pret Done Done Reference Data Table Quality Aquatic Industries Beginning End of End of Calculation of Cost of Goods Manufactured of Year Year Year For Current Year Raw matenals inventory 24.000 S 25,000 Insurance on plant $ 10.000 Beginning work in process inventory 38.000 Work in process inventory 38,000 S 31,000 Depreciation-plant bulding and equipment S 13,200 Plus: Manufacturing costs incumed Finished goods imventory 19.000 $ 27,000 Repairs and maintenance-plant 4,400 Direct materials used 74,000 Purchases of direct materials 75,000 Marketing expenses. $ 79,000 83.000 Direct labor Direct labor 83.000 General and administrative expenses $ 29,500 64,600 Manufacturing overhead ndirect labor 37.000 Total manufacturing costs to account for 259,600 31.000 Less: Ending work in process inventory Reference 228.600 Cost of goods manufactured (CGM) Print Done Quality Aquatic Manufacturing Calculation of Cost of Goods Sold For Current Year 19.000 Beginning finished goods inventory 228.600 Plus Cost of goods manutactured 247.600 Cost of goods available for sale 27.000 Ending finished goods inventory Less 220.600 Cost of goods sold Print Done